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Reliance Infrastructure sells stake worth Rs 900 crore to IndiGrid

Welcome To IANS Live - BUSINESS - Reliance Infra completes sale of entire 74% shareholding in Parbati Koldam Transmission Company Limited India Grid Trust

Photo Credit: IANS IANSLive Mumbai, Jan 9 (IANS) Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 crore. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 09-January-2021

RInfra completes sale of DA Toll Road to Cube Highways at EV of Rs 3,600 cr

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 company release. Cube Highways and Infrastructure III Pte Ltd. is a Singapore-based company formed by Global Infrastructure Fund – I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

Roads & Highways Construction Market Next Big Thing | Major Giants Ashoka Buildcon, Dilip Buildcon, GVK Power & Infrastructure

Roads & Highways Construction Market Next Big Thing | Major Giants Ashoka Buildcon, Dilip Buildcon, GVK Power & Infrastructure
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