In a bid to pare Rs 5900 crore debt, Reliance Infra to lease out headquarters

The company which aims to be debt-free as early as 2020 will utilise 100 per cent of the proceeds for debt reduction.

Published: 02nd July 2019 11:06 AM  |   Last Updated: 02nd July 2019 11:06 AM   |  A+A-

Reliance Infrastructure chairman Anil Ambani

Reliance Infrastructure chairman Anil Ambani (File Photo | PTI)

By Express News Service

In a bid to pare the Group’s debt, the Anil Ambani-led Reliance Infrastructure is planning to lease out its marquee headquarters —Reliance Center — in suburban Mumbai. Reliance Infrastructure will continue to own the premises and monetisation would be by way of a long-term lease.

The company will utilise 100 per cent of the proceeds for debt reduction, the company said in a statement. The company, which has a debt of about Rs 5,900 crore, aims to be debt-free as early as 2020.

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