Reliance Infrastructure Limited has announced the sale of a 2% equity stake in its joint venture, Dassault Reliance Aerospace Limited (DRAL), to its French partner Dassault Aviation. This move reduces its holding from 51% to 49%, thereby changing DRAL’s status from a subsidiary to an associate company.
The agreement, signed on September 05, 2025, confirms that Reliance Aerostructure Limited (a wholly owned subsidiary of Reliance Infrastructure) will transfer 2% of DRAL’s equity to Dassault Aviation. The transaction is valued at approximately ₹175.96 crore based on an independent valuation. Completion is expected by November 01, 2025.
Post this sale, Reliance Infrastructure’s stake in DRAL will stand at 49%, matching Dassault Aviation’s, and DRAL will no longer be a subsidiary.
As of March 31, 2025, DRAL contributed ₹69.93 crore in turnover (0.23% of Reliance Infrastructure’s consolidated revenue) and had a net worth of ₹47.13 crore (0.33% of consolidated net worth). The limited scale of DRAL in Reliance’s overall financials explains the transaction’s low operational impact.
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The buyer, Dassault Aviation, is not part of the promoter group. The deal does not fall under related party transactions and is outside the scope of any ongoing scheme of arrangement. The acquisition does not qualify as a slump sale, as per disclosure norms.
On September 5, 2025, Reliance Infrastructure share price opened at ₹284.70 on NSE, below the previous close of ₹287.40. During the day, it surged to ₹289.00 and dipped to ₹276.30. The stock is trading at ₹281.00 as of 3:16 PM. The stock registered a significant decline of 2.23%.
Over the past week, it has moved up by 5.62%, over the past month, it has declined by 0.11%, and over the past 3 months, it has declined by 24.35%.
Reliance Infrastructure’s sale of a minority stake in DRAL is a strategic realignment within its aerospace joint venture with Dassault. With no significant disruption expected to its consolidated financials, the transaction underlines a shift from control to partnership mode in its aerospace ambitions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 5, 2025, 3:56 PM IST
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