Reliance Infra sells transmission business to Adani
Anil Ambani-led Reliance Infrastructure on Wednesday said it has signed a binding term-sheet agreement with Adani Transmission to sell its entire stake in transmission assets. The financial details were not disclosed but reports claimed the deal size to be over ₹2,000 crore. ''[This] is in line with the strategic plan [to]...focus on major growth areas like defence," Reliance Infrastructure said.