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Expect to become debt free after selling 100% stake in Mumbai power biz: Rel Infra

Reliance Infrastructure is in focus after the company signed a definitive binding agreement with Adani Transmission Limited for 100 percent stake sale of its Mumbai Power Business. CNBC-TV18's Kevin Lee caught up with Lalit Jalan, CEO of Reliance Infrastructure and began by asking him how long will the deal closure take and what are the regulatory approvals left.
Transmission biz deal to cut debt by Rs 2,000cr: Rel Infra

Speaking to CNBC-TV18 about the deal Reliance Group Director Lalit Jalan said the sale is in line with the company‘s strategy to exit non-core assets.

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