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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 binding agreement between RInfra and IndiGrid and has now been completed with transfer of shares of ...

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 transfer of shares of the DA Toll Road and receipt of sale consideration. Cube Highways and Infrastructur...

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