Page 5 - நம்பகத்தன்மை உள்கட்டமைப்பு லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Reliance Infra gets shareholders nod to raise up to Rs 550 56 cr via preferential allotment
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R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment
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R-Infra gets shareholders nod to raise Rs 550 crore via preferential allotment
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Reliance Infrastructure Ltd shareholders approve preferential issue, FCCB issue
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MUMBAI: Reliance Infrastructure Ltd (RInfra) is in discussions with Singapore based-Cube Highways for the sale of its four road assets for an enterprise value of Rs 1,430 crore, sources said.
RInfra will use the proceeds from the sale to reduce debt. Cube Highways is promoted by I Squared Capital, (a wholly-owned arm of the Abu Dhabi Investment Authority) , International Finance Corporation and a consortium of Japanese investors, including Mitsubishi Corporation and Japan Overseas Infrastructure Investment Corporation. A senior company official said that Cube Highways has shown interest in Reliance Infra s four road assets DS Toll Road Pvt Ltd, NK Toll Road Pvt Ltd and SU Toll Road Pvt Ltd located in Tamil Nadu, and JR Toll Road Pvt Ltd located in Rajasthan.