Mumbai, 5 September 2025: Reliance Infrastructure Ltd announced that its subsidiary Reliance Aerostructure Ltd (RAL) will transfer 2 per cent equity in Dassault Reliance Aerospace Ltd (DRAL) to French defence major Dassault Aviation for Rs 175.96 crore. The agreement was signed on 5 September and is expected to be completed by 1 November 2025.

Following the transaction, Dassault Aviation’s stake in DRAL will rise to 51 per cent, giving it majority control, while Reliance Aerostructure will hold 49 per cent. This change will result in DRAL, which manufactures airframes and subsystems for Rafale and Falcon aircraft, ceasing to be a subsidiary and becoming an associate company of Reliance Infra.

In FY25, DRAL recorded a turnover of Rs 69.93 crore, contributing 0.23 per cent to Reliance Infra’s consolidated revenues, with a net worth of Rs 47.13 crore. Shares of Reliance Infrastructure closed over 2.5 per cent lower at Rs 280 on the NSE following the announcement.

Separately, the company clarified that Bank of Baroda’s classification of Reliance Communications Ltd (RCom) and its promoter Anil D Ambani’s loan accounts as “fraud” has no bearing on Reliance Infra’s business or financials, as both are independent entities.