RInfra to consolidate transport businesses

RInfra to consolidate transport businesses

Reliance Infrastructure (RInfra) has initiated a process to spin off a new unit, called Reliance Transport, to take care of its interests in railway, metro, airport and road projects even as the proposed listing of Infrastructure Investment Trust (InvIT) faces what the company calls “some procedural delays” after receiving the nod from the stock market regulator.

Analysts say that the move is to generate positive investor sentiment. A Reliance Infrastructure spokesperson said, “RInfra InvIT is on track and will be launched shortly.” Read More…


Credit By : Dna India

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