Rel Ventures, IL&FS to develop economic township at Jhajjar

Posted By: Pti
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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


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