Reliance Infra likely to divest its road assets: Sources

As part of its debt reduction plan, Reliance Infra is likely to divest its road assets. The company has made a clarification to the exchanges that it cannot disclose the names of the bidders involved but is in advanced stages to sell off its road assets. CNBC-TV18 learns that Brookfield is one of the front runners among the many potential buyers. Anil Ambani-led Reliance Infra's consolidated debt stands at Rs 22,000 crore. The enterprise value of road assets is pegged at around Rs 8000-9000 crore. Of this Rs 5,000 crore is the debt component and the rest is equity component.