Reliance Infrastructure Ltd on Friday said its wholly-owned subsidiary, Reliance Aerostructure Ltd (RAL), will transfer 2% equity in joint venture Dassault Reliance Aerospace Ltd (DRAL) to French defence major Dassault Aviation.
The stake sale, valued at around ₹175.96 crore based on independent valuation, was agreed on September 5 and is expected to be completed by November 1, 2025, the company disclosed in a regulatory filing.
Following the transaction, DRAL — which manufactures airframes and subsystems for Dassault’s Rafale and Falcon aircraft — will cease to be a subsidiary and become Reliance Infra’s associate company, with Reliance Aerostructure holding 49% and Dassault Aviation raising its stake to 51%.
In FY25, DRAL contributed a turnover of ₹69.93 crore, about 0.23% of Reliance Infra’s consolidated revenues, and had a net worth of ₹47.13 crore, about 0.33% of consolidated net worth.
Post the announcement, shares of Reliance Infrastructure ended over 2.5% down at ₹280 on the NSE.
Separately, earlier in the day, Reliance Infrastructure clarified that Bank of Baroda’s decision to classify the loan account of Reliance Communications Ltd (RCom) and its promoter-director Anil D Ambani as “fraud” has no impact on Reliance Infra’s operations or financials.
Also Read: Bank of Baroda classifies Reliance Communications, Anil Ambani loan accounts as ‘fraud’
The company stressed that Reliance Infra is a separate listed entity with no business or financial linkage to RCom, which has been under insolvency proceedings for six years.
RCom had informed exchanges that it received a letter from Bank of Baroda on September 2, declaring its loan accounts, and those of Ambani, as fraud, with the matter reported to the RBI and other authorities.
