Reliance Infrastructure is planning to monetise its cement business to fund the acquisition of Pipavav Defence and Offshore Engineering.
Reliance Infrastructure is planning to monetise its cement business to fund the acquisition of Pipavav Defence and Offshore Engineering, according to reports.
A report said that the company is in talks with Heidelberg and Italcementi, and has offered a 50% stake in the company.
The valuation of the deal is not known.
Reliance Infrastructure is planning to focus on defence, rather than cement, says report
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