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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 . ....

New Delhi , Pvt Ltd , Axis Bank , Delhi High Court , Reliance Infrastructure Ltd , Road Pvt Ltd , Pune Satara Toll Road , Concession Agreement , Substitution Agreement , Reliance Infrastructure ,

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. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Tamil Nadu , Japan Overseas Infrastructure Investment Corporation , Pvt Ltd , International Finance Corporation , Reliance Infrastructure Ltd Rinfra , Abu Dhabi Investment Authority , Mitsubishi Corporation , Reliance Infrastructure Ltd , Cube Highways , Squared Capital , Japan Overseas Infrastructure Investment , Reliance Infra , Road Pvt Ltd , ஒன்றுபட்டது அரபு அமீரகங்கள் , தமிழ் நாடு , ஜப்பான் ஓவர்‌ஸீஸ் உள்கட்டமைப்பு முதலீடு நிறுவனம் , பிரைவேட் லிமிடெட் , சர்வதேச நிதி நிறுவனம் , மிட்‌ஸ்யூபீஶி நிறுவனம் , நம்பகத்தன்மை உள்கட்டமைப்பு லிமிடெட் , கன நெடுஞ்சாலைகள் , ஸ்கொயர் மூலதனம் , ஜப்பான் ஓவர்‌ஸீஸ் உள்கட்டமைப்பு முதலீடு ,