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SG-based Cube Highways s infra trust bags $630m from Mubadala, BCI

Cube Highways said its newly-listed infrastructure investment trust, Cube Highways Trust, has raised $630 million from a clutch of investors.

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Delhi HC hauls up Axis Bank for breach of undertaking in Pune-Satara toll road case

Delhi High Court has restrained Axis Bank from substituting PS Toll Road Pvt Ltd (PSTR) as the concessionaire of the Pune-Satara Toll Road Project.

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Delhi HC hauls up Axis Bank for breach of undertaking in Pune-Satara toll road case

Delhi High Court has restrained Axis Bank from substituting PS Toll Road Pvt Ltd (PSTR) as the concessionaire of the Pune-Satara Toll Road Project.Delhi HC has found Axis Bank in breach of its own undertaking given before the court.The court in .

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Reliance Infra in talks with Apollo Global, Brookfield, CDPQ to sell Pune-Satara Toll Road asset

Reliance Infra in talks with Apollo Global, Brookfield, CDPQ to sell Pune-Satara Toll Road asset
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Reliance Infrastructure in talks with Cube HIghways for sale of four road assets

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.

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