Delhi Power Business of Anil Ambani is Up for Sale

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KPMG has contracted the BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), both companies for its 51 % stake. The persons have confirmed that the purchase was conditional. The two power supply firms are responsible for nearly 4.4 million customers in the national capital. Reliance Infrastructure ‘s business strategy is focused on sales to Adani Transmission Ltd for a total of 18,800 crore in August 2018 of its Mumbai city power distribution firm. Reliance infrastructure is part of Anil Dhirubhai Ambani Group that seeks to sell debt repayment properties. Reliance services

At least eight investors, including Caisse de dépôt et placement du Québec (CDPQ), Actis LLP and Brookfield Asset Management, have shown an initial interest in purchasing Delhi’s electricity distribution companies from Reliance Infrastructure Ltd, three of whom are aware of the developments. Greenko, Enel Group, I Squared Capital, Torrent Power and Wade Capital Group LLC, other possible investers have said that they are anonymous.

Though a spokesperson for Reliance Infrastructure Ltd was not e-mailed on Friday night by Mint, a KPMG spokesman declined “comments on all companies’ concerns.” Checklist emails were sent to CDPQ, Actis Llp, Brookfield, Greenko Energy Holdings, I Squared Capital and Torrent Power.

When Reliance Infrastructure reported earnings for the quarter of May 8, it claimed that it “aims to be zero debt based on the liquidity events in the next financial year.”

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