RInfra planning to monetize marquee Reliance Center Office in Mumbai

01 Jul 2019 Evaluate

Reliance Infrastructure (RInfra) is planning to monetize its marquee Reliance Center Office located in Santacruz East, Mumbai. Reliance Center is an ultra-modern state-of-the-art office building with over 6.95 lakh square feet area on a plot of 15,514 square meters.

The company will continue to own the premises and monetization would be by way of long-term lease. The company will utilise 100% of the proceeds only for debt reduction.

RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.

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