Mukesh Ambani plan to sell Reliance Gas Transportation Infrastructure business

Mukesh Ambani looks to-sell Reliance-Gas Transportation Infrastructure-business, that is in to constructing pipelines to transport natural gas, stated a media statement.

The Wall-Street Journal has noted that Reliance Industries chairman Mukesh-Ambani, , has approached bankers to assist him sell this company.

“The procedure is at a beginning stage and also a sale may not happen,” the daily mentioned.

Quoting 2 people informed about the matter, the statement mentioned that the privately managed gas-pipeline business, generally known as RGTIL for short, could possibly be value about $1 billion.

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