Fresh news are coming out every day about the billionaire Anil Ambani’s Reliance Infrastructure Ltd. (RELI), which is a wholly-owner of Reliance Power Transmission Ltd, as revealed by company’s website. But, according to some sources, RELI is planning to sell its stake in its power transmission business, road and subway projects.

Though no conformity regarding the issue has been given yet, it is being said that the Mumbai-based company’s board will be taking a final decision on the sale soon.

The Reliance Anil Dhirubhai Ambani Group wholly controls Reliance Infrastructure, but is now planning to sell stakes in assets enabling them to pare debt in companies, including its flagship Reliance Communications Ltd. (RCOM)

RCOM is the mobile-phone company, which, according to some sources, is having 320 billion rupees ($7.2 billion) of net debt and thus is planning to sell its tower business. On the other hand, Reliance Infrastructure has debt of approx 166 billion rupees, revealed by the Bloomberg data.

“If they get tie-ups with foreign investors, it’s positive”, said K. K. Mital, Fund Manager with Globe Capital Market Ltd. in New Delhi. “It’s difficult to raise money for infrastructure projects in India”.

Ravi Muthreja, a Spokesman at the Mumbai-based Company, said the Company doesn’t comment on “speculative news.”