Mumbai, Jan 25 (PTI) Reliance Ventures Limited (RVL),a wholly-owned subsidiary of Reliance Industries Limited, andInfrastructure Leasing and Financial Services Limited (IL&FS),today said that they have entered into an agreement, wherebyIL&FS will become a strategic partner and co-promoter of aproject to develop a model economic township and otherinfrastructure facilities at Jhajjar, in Haryana.
This project is a spin-off from Reliance Haryana SEZLtd, which is a joint venture between RVL and the Governmentof Haryana, a press release issued here stated.
IL&FS will acquire a 45 per cent equity interest inthis new project company.
RVL and the Government of Haryana will hold 45 percent and 10 per cent, respectively, the release said. PTI JJ