Page 14 - Cube Highways News Today

RInfra completes stake sale in PKTCL to IndiGrid January 09, 2021 Reliance Infrastructure Ltd (RInfra) has completed the sale of its entire equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ~₹900 crore. RInfra owns 74 per cent in PKTCL located in Himachal Pradesh and Punjab in joint venture with Power Grid Corporation of India Limited (PGCIL). The deal was announced in November 2020 with the signing of a definitive ...

Read more about Reliance Infra completes Delhi-Agra toll road sale to Cube for Rs 3,600 cr on Business Standard. Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore

Uses sale proceeds to reduce debt by 20% Reliance Infrastructure announced that Delhi-Agra (DA) Toll Road has ceased to be the subsidiary of the Company from 31 December 2020 on account of transfer of 100% shares held by the Company to Cube Highways and Infrastructure III for an enterprise value over Rs 3600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III and has now been completed with trans...

Reliance Infra has reduced its total debt liabilities by 20 per cent from the deal proceeds from Rs 17,500 crore to Rs 14,000 crore., , reliance, shares, infrastructure

Sale proceeds to be utilised for debt reduction

Reliance Infra Completes Sale of Delhi-Agra Toll Road to Cube Highways for Rs 3,600 Crore FOLLOW US ON: Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore. In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value overRs 3,600 crore. The deal was announced in March 20...

Reliance Infrastructure Ltd completes stake sale in DA Toll Road to Cube Highways, consolidated debt to reduce by 20%

R-Infra sells Delhi-Agra toll road to Cube Highways for Rs 3,600 Cr The company has reduced its total debt liabilities by about 20 per cent from the deal proceeds from Rs 17,500 crore to Rs 14,000 crore Anil Ambani-led Reliance Infrastructure Ltd on Friday announced successful completion of 100 per cent stake sale in the Delhi-Agra toll road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore. The entire sale proceeds are being utilised for debt reductio...

RInfra concludes sale of DA Toll Road Updated: Updated: Share Article AAA Reliance Infrastructure Ltd. (RInfra) has announced the successful completion of the sale of its 100% stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd. for an enterprise value over ₹3,600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III Pte. Ltd. and has now been completed with transfer of shares ...

Reliance Infrastructure Limited (RInfra) today announced the completion of sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III Pte Ltd and has now been completed with transfer of shares of the DA Toll Road Private Limited and receipt of sale consideration, said the ...