Reliance Infrastructure has acquired 9.5 crore equity shares of Rs 10 each of Reliance Power on January 24, 2014 from Reliance Enterprises and Ventures in a bulk deal at the prevailing market price by way of an inter se transfer.
Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
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