Reliance Infrastructure plans to sell road projects to pare debt.

Reliance Infrastructure Ltd. (R-Infra), a part of the Anil Ambani-led Reliance Group, plans to sell either all or most of its 11 road projects to pare debt, according to three people familiar with the development, joining companies that are putting assets on sale to reduce their debt burden.

R-Infra has appointed consulting firm EY, formerly known as Ernst and Young, to oversee the sale, said the people, who didn't want to be identified. The aim is to reduce some of the Rs. 21,976.18 crore of debt it had on its books at the end of the last fiscal year.

Livemint