Reliance Infra sells HQ in Mumbai's Santacruz to YES Bank for Rs 1200 cr

The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.

Anil Ambani Group’s Reliance Infrastructure (RInfra) on Thursday sold its headquarters (HQ) in Mumbai’s Santacruz to YES Bank for Rs 1,200 crore. YES Bank, which currently operates from One Indiabulls Centre in central Mumbai, will convert the building into its corporate head office.

Once the HQ of Anil Ambani, Reliance Centre is a high-tech office building with over 695,000 square feet area on a plot of 15,514-square metre land. Ambani shifted to this office after he moved out of Reliance’s Ballard Estate office. The entire proceeds from the sale of Reliance Centre will be utilised only to service the debt of