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Reliance Infrastructure's move to divest its power generation, transmission and distribution assets, if it happens, will lead to the city of Mumbai getting a new power supplier - Adani Transmission. The Anil Ambani-led company aims to bring down its mounting debt and focus business on leaner and select sectors of the infrastructure business. 

The divesture, as part of efforts to reduce R-Infra's debt of nearly Rs 29,000 crore, may fetch Rs 13,000-14,000 crore, say sources. Both the companies have entered into a period of exclusivity till 15 January to discuss and finalize the deal.

 

In midst many business probabilities, for the time being, the focus for Anil Ambani and his team will be to execute the deal with Adani Transmission, which will be foraying into power distribution business with the deal.