The deal is expected to be announced this week as the Anil Ambani-led firm tries to cut debt.

The stock climbed 7.69 percent to settle at Rs 493.05 on BSE. During the day, it rose by 8.33 percent to Rs 496.

On NSE, it surged 7.72 percent to close at Rs 493.20. The company added Rs 926.72 crore to Rs 12,966.72 crore in market valuation.

The firm is in talks with buyers, both domestic and foreign -- to sell its cement and road business, in which it has invested over Rs 15,000 crore that will be utilised to cut debt and also to fund its foray into defence manufacturing.

Reliance Infrastructure, with a net worth of over USD 4 billion, is trying to sell its non-core assets, including the road business to pare debt and fund expansion in the defence manufacturing sector, which it feels will be the primary driver for future growth.

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