New Delhi, Sept. 5 -- Reliance Infrastructure, through a regulatory filing on Friday, informed investors that its wholly owned subsidiary, Reliance Aerostructure Ltd (RAL), will transfer 2% equity shares in Dassault Reliance Aerospace Ltd (DRAL) to its joint venture partner, Dassault Aviation.

Following the transaction, Dassault Aviation's stake in DRAL will increase from 49% to 51%, making it the majority shareholder, while RAL's holding will reduce to 49%. The consideration for the sale has been pegged at around Rs.175.96 crore based on independent valuation.

With this development, DRAL will cease to be a subsidiary of Reliance Infrastructure and will instead be classified as an associate company. The stake sale is expected to be comp...