Brief: Reliance Infra to sell Reliance Cement to Birla Corp
04/02/2016 13:08
Feb 4 (Reuters) - Reliance Infrastructure Ltd RLIN.NS : * Signs final binding agreement with Birla Corporation Ltd for 100% sale of its cement plant of 5.08 mtpa * Deal values cement business at inr 48 billion * Proceeds to be utilised for debt reduction; deal EPS accretive for shareholders * Source text: http://bit.ly/1S2sjuB * Further company coverage RLIN.NS ((Bengaluru Newsroom; +91 80 6749 1130))
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