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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 I...

Reliance Infrastructure Ltd completes stake sale in DA Toll Road to Cube Highways, consolidated debt to reduce by 20%

R-Infra sells Delhi-Agra toll road to Cube Highways for Rs 3,600 Cr The company has reduced its total debt liabilities by about 20 per cent from the deal proceeds from Rs 17,500 crore to Rs 14,000 crore Anil Ambani-led Reliance Infrastructure Ltd on Friday announced successful completion of 100 per cent stake sale in the Delhi-Agra toll road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore. The entire sale proceeds are being utilised for debt reduction. R-Infra said it has reduced its total debt liabilities by about 20 per cent from the deal proceed...

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. T...

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 ...