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Reliance Infra sells Reliance Centre in Mumbai to Yes Bank for Rs 1,200 crore; stock up 9%

Reliance Infrastructure touched a 52-week high of Rs 44.70 and a 52-week low of Rs 9.75 on 03 July, 2020 and 31 March, 2020, respectively.

April 01, 2021 / 11:47 AM IST
 
 
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Reliance Infrastructure share price added more than 9 percent intraday on April 1 after the company sold Reliance Centre in Mumbai to YES Bank for a consideration of Rs 1,200 crore.

"Reliance Infrastructure and YES Bank announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank," the company said in a press release to the exchanges.

Entire proceeds from the sale are to be utilised to repay the debt of YES Bank, said Reliance Infrastructure.

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At 11:21 hrs, Reliance Infrastructure was quoting Rs 37.90, up Rs 2.85, or 8.13 percent and Yes Bank was quoting Rs 15.55, down Rs 0.05, or 0.32 percent on the BSE.

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Reliance Infrastructure touched a 52-week high of Rs 44.70 and a 52-week low of Rs 9.75 on 03 July 2020 and 31 March 2020, respectively.

Currently, Reliance Infrastructure is trading 15.21 percent below its 52-week high and 288.72 percent above its 52-week low.
Moneycontrol News
first published: Apr 1, 2021 11:44 am

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