Page 5 - Cube Highways News Today

India News: National Highways Authority of India on Sunday said it has awarded two highway projects with a combined length of 400 km under the toll-operate-transf

National Highways Authority of India on Sunday said it has awarded two highway projects with a combined length of 400 km under the toll-operate-transfer (TOT) model for Rs 6,584 crore

Billion-dollar companies are currently involved in a three-way bidding war to buy Anil Ambani’s RInfra road projects in a massive deal worth thousands of crores.

Reliance Infrastructure Ltd is in advance talks with leading funds for the sale of its toll road projects. According to sources, three prominent bidders -- Macquarie Group, Cube Highways and Kotak Alternate Asset Managers -- are actively vying ...

CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss previous acquisition in 2021 when it purchased CNTLs loan of Rs 750 crore, recovering 75%-80% of the loans value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.

Ashoka Concessions, a subsidiary of Ashoka Buildcon, is in talks with global funds including Canadas CDPQ, Macquarie, Cube Highways, and Indias NIIF to sell its build-operate-transfer toll road assets. The negotiations come after a proposed transaction with KKR was terminated in May.

Canadian pension fund British Columbia Investment (BCI) has picked up a 4.8% stake in Brookfield’s tower infrastructure investment trust (InvIT) - Data Infrastructure Trust - through a block deal worth approximately Rs 2,000 crore. This is the second time BCI has picked up a stake in the Brookfield tower InvIT.

Canadian pension fund British Columbia Investment (BCI) has picked up a 4.8% stake in Brookfields tower infrastructure investment trust (InvIT) - Data Infrastructure Trust - through a block deal worth approximately Rs 2,000 crore. This is the second time BCI has picked up a stake in the Brookfield tower InvIT.

Actis may place these road assets under an infrastructure investment trust (InvIT) that will also house the six operating highway toll road projects that it bought from Welspun Enterprises Ltd last year

Canadian pension fund manager British Columbia Investment is participating in the Rs 4,033 crore offer for sale of Brookfields stake in Data Infrastructure Trust, an infrastructure investment trust (InvIT) holding telecom tower assets, said sources aware of the development.