RIL in talks for stake sale in Haryana SEZ

Reliance Industries Ltd is planning to rope in another joint venture partner for its Haryana SEZ. The company has initiated talks with a couple of players, which includes Infrastructure Leasing & Financial Services, reports HT Correspondent.

Reliance Industries Ltd (RIL) is planning to rope in another joint venture partner for its Haryana SEZ. The company has initiated talks with a couple of players, which includes Infrastructure Leasing & Financial Services (IL& FS).

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“RIL is negotiating with the IL&FS and some other players for sale of a minority stake in its Haryana SEZ,” a senior official in the Haryana State Industrial Investment Development Corporation (HSIIDC) said.

HSIIDC has a 10 per cent equity in the SEZ. The official, however, ruled out any plans by HSIIDC to raise its stake in the SEZ.

The official refused to disclose the stake being offloaded by RIL and the inherent valuations of the SEZ.

A Reliance spokesperson said, “We do not wish to comment on speculations and market rumours.”