Reliance Infrastructure Ltd ties up with Birla Corporation Ltd for sale of subsidiary

Q.  Reliance Infrastructure has signed a Share Purchase Agreement with which corporate group to sell its subsidiary Reliance Cement Company Private Limited?
- Published on 08 Feb 16

a. Birla
b. TATA
c. Futures Group
d. Godrej

ANSWER: Birla
 
Reliance Infrastructure Limited/Rinfra on 4th February 2016 signed the signing of the Share Purchase Agreement with Birla Corporation Ltd in relation to the sale of its subsidiary Reliance Cement Company Private Limited. Rinfra is owned by ADAG while Birla Corp is the flagship company of MP Birla Group. Deal is valued at INR 4800 crore.

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