Reliance Infrastructure to consoliate road projects; stock up
Reliance Infrastructure is in the process of consolidating its road projects assets, which involve an investment of Rs 12,000 crore, into a holding company to pave way for a potential IPO or private equity investment in the entity in the future.
By ET Bureau |
MUMBAI: Reliance Infrastructure is in the process of consolidating its road projects assets, which involve an investment of Rs 12,000 crore, into a holding company to pave way for a potential IPO or private equity investment in the entity in the future.
The company is consolidating 11 road projects, which the Anil Dhirubhai Ambani Group is setting up under the public-private partnership model, under subsidiary Reliance Roads.
The scrip reacted positively and was at Rs 794.10, up Rs 13 or 1.66 per cent on the BSE. It touched a high of Rs 811 and low of Rs 791 in trade so far.
The company is consolidating 11 road projects, which the Anil Dhirubhai Ambani Group is setting up under the public-private partnership model, under subsidiary Reliance Roads.
The scrip reacted positively and was at Rs 794.10, up Rs 13 or 1.66 per cent on the BSE. It touched a high of Rs 811 and low of Rs 791 in trade so far.
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