Reliance Infra sells Mumbai-based Reliance Centre to Yes Bank for Rs1,200cr; Stock ends 9% up

Reliance Infra said that the entire proceeds from the sale of Reliance Centre, Santacruz is utilized only to repay the debt of YES Bank.

Apr 01, 2021 04:04 IST India Infoline News Service

Anil Ambani-backed Reliance Infrastructure on Thursday sold its Reliance Centre, Santacruz, Mumbai to YES Bank.

The transaction values at Rs1200cr.

Reliance Infra said that the entire proceeds from the sale of Reliance Centre, Santacruz is utilized only to repay the debt of YES Bank.

On Sensex, Reliance Infra closed at Rs38.15 per piece up by 8.84%. 

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