EWPL, earlier known as Reliance Gas Transportation Infrastructure Ltd, is a unit of Reliance Utilities Private Limited. Other banks, including ICICI Bank Ltd and state-run Bank of Baroda Ltd are also part of the talks to monetise the private pipeline, according to the report. The pipeline is being transferred to an entity called Pipeline Infrastructure Pvt. Ltd, a unit of Reliance Industries Holding Pvt. Reliance Industries Holdings is a holding arm of the promoters of Reliance Industries Ltd.Reliance Industries, Brookfield, ICICI Bank, Bank of Baroda, Kotak Mahindra Bank and the Serum Institute office did not immediately respond to Reuters' request seeking comment.

Source: Economic Times May 29, 2024 14:41 UTC