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RInfra’s regulatory assets could impact sale of Delhi power business


Reliance Infrastructure, which is looking at monetising its assets mainly to pare debt, is selling its electricity distribution business in the national capital. In addition to concerns over regulatory assets, the Delhi distribution business is also fraught with issues over lower tariffs.

There has been no tariff hike in the last four years and experts believe that the status quo is likely to prevail in the near future.

operates the power distribution business in the Delhi through two subsidiaries – BSES Yamuna and BSES Rajdhani. The Delhi state government holds 49 per cent in the two companies and the remaining share is held by the parent company RInfra. This could mean that getting the Arvind Kejriwal government on board could be another challenge.

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It is learnt that the state government owes over Rs 9,000 crore worth of regulatory assets dues to the three power discoms in the Delhi including Tata Power Delhi Distribution Ltd.

Essentially, these regulatory assets are the gap between revenue and subsidy given by the government. The state government of

Anil Agarwal announces plans to delist Vedanta, to offer Rs 87.5 per share


Billionaire on Tuesday announced intention to take his Indian listed firm Ltd private by buying out shares held by public.

Agarwal-controlled Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Ltd.

This price is lower than Tuesday’s Rs 89.30 closing price of Vedanta Ltd on the BSE.

In a regulatory filing, Vedanta Ltd said promoter group, Vedanta Resources has “expressed its intention to, either individually or along with one or more subsidiaries, acquire all fully paid-up equity shares of the Company that are held by the public shareholders of the Company”.

Vedanta Resources Ltd (VRL) along with the other members of the promoter group presently hold 51.06 per cent equity of the company. Public shareholders hold 169.10 crore or 48.94 per cent of shares.

“VRL has informed us of their willingness to accept the Equity Shares of the Company tendered by the Public Shareholders in the Delisting Offer at a price of Rs 87.5 per Equity Share which represents a premium of 9.9 per cent over the closing market price of Rs 79.6 as

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