Click to play videoMumbai: Despite the volatile markets and a cold listing of Reliance Power, the Anil Dhirubhai Ambani Group plans to unlock value in the four newly formed entities of Reliance Energy.
Even though these may be uncertain times for the stock markets but companies like Reliance Energy are firming up long terms plans to visit the markets.
After a disappointing listing of Reliance Power, group company Reliance Energy has hinted at more value unlocking propositions.
Paving way for more public offers or roping in private equity players, the company has now renamed Reliance Energy as Reliance Infrastructure and branched the company into four wholly owned subsidiaries.
"We believe in shareholder value creation. As and when the opportunity arises, whether its placement of equity and IPO, we will look at those opportunities as they come. We don't have a fixed timeline in mind," Lalit Jalan, Whole Time Director, Reliance Energy, says.
The first ones to get on the block are Reliance Infra Ventures, which owns and build SEZs, road and rail projects, and Reliance Infra Projects, which is the construction arm of the company.
The other two companies under Reliance Energy banner will be Reliance Power Transmission, which will take over the transmission and distribution business, and Reliance Energy Trading, that will look after the power trading interests of the company.
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