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.
Reliance Infrastructure in talks with Cube HIghways for sale of four road assets| business News in Hindi | Reliance Infrastructure चार सड़क परियोजनाएं सिंगापुर की क्यूब हाईवेज को बेचने के लिये कर रही है बातचीत
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Reliance Infra in talks with Cube Highway for sale of 4 road assets
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Reliance Infrastructure Ltd in talks with Singapore s Cube Highways for sale of four road assets
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