Reliance Industries has selected Singapore based InfraCo to offload 45 per
cent stake in its Reliance Haryana SEZ coming up at Jhajjar.
The project spread over 12,500 acre and entailing a cost of Rs 30,000 crore
is majority-owned by Reliance Ventures, with 10 per cent held by the Haryana
State Industrial and Infrastructure Development Corporation.
If the deal is finalised, the company's holding in the project will come down
to 45 per cent.
The company has also sought Haryana Government's permission to convert part
of the project into an industrial model township, as it sees potential in the
project as a real estate venture rather than a complete SEZ given various tax
complications.
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