Reliance Infrastructure (BOM:500390) performed well after announcing a number of divestment initiatives intended to reduce debt, including the sale of a stake in its Mumbai -based power-transmission business. Additionally, the company has short- listed a number of potential buyers for its cement assets and has been in talks to monetize 11 revenue-generating road projects. These moves should allow Reliance Infrastructure to increase its focus on the defense sector.
Brandes Emerging Markets Value Fund fourth quarter commentary.
