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
Latest posts by dnaindia.com (see all)
- Oil Min Plans New Bio-Fuel Policy – November 23, 2017
- Indian Railways To Completely Switch To The Electric Trains In Five Years: Piyush Goyal – November 22, 2017
- Mumbai: Central Railway Replaces 6.2 Km Of Tracks During Mega Block – November 20, 2017