Adani Transmission ties up Rs 132.5 billion funds to buy Reliance Infrastructure assets

Adani Transmission Limited (ATL) has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai. Financial closure for the Rs 132.5 billion purchase was achieved through a consortium of banks led by the State Bank of India (SBI). ICICI Bank, YES Bank and IndusInd Bank were also part of the consortium. Of the total loan amount, SBI will contribute around Rs 30 billion. The loan will have a tenor of 15 years and an interest rate of 9.5 per cent.