October 30, 2007

Reliance Energy to unlock more value

Reliance Energy Ltd has informed that the Board of the Company has approved a proposal to further unlock overall shareholder value by transferring its infrastructure projects to a separate 100% owned subsidiary, subject to compliance with applicable laws, rules, regulations and approvals. These include, inter alia:

1. Roads
2. Bridges
3. Metro rail
4. Real estate.

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