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
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
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 2019 with the signing of a definitive binding agreement between Reliance Infra and Cube Highways and Infrastructure III Pte Ltd. Reliance Infra said the entire sale proceeds are being utilised for debt reduction.
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 of the DA Toll Road Private Limited and receipt of sale consideration, RInfra said in a statement.
The entire sale proceeds of ₹3600 crore are being utilised for debt reduction, it said.