Adani acquires Mumbai business of debt-hit Reliance Energy for Rs 19,000 crore
TNN / Dec 21, 2017, 21:36 (IST)
In the largest corporate takeover in the power sector in recent times, debt-laden Reliance Infrastructure has sold its electricity generation, transmission and distribution business in Mumbai run under the Reliance Energy brand to Adani Transmission Ltd in an all cash deal valued at Rs 18,800 crore.