Reliance Infra to sell entire stake in Delhi-Agra Toll Road to Cube Highways for Rs 3,600 crore
Updated : March 14, 2019 03:03 PM IST
The transaction is in line with Reliance Infrastructure's strategic plan of monetising non-core business and focuses on major growth areas like engineering and construction (E&C) business.
Reliance Infra today announced the signing of Definitive Binding Agreement with Cube Highways and Infrastructure III Pte Ltd for the sale of its 100 percent stake in Delhi-Agra (DA) Toll Road Private Limited, the company said in a statement.
"After the completion of the transaction for Delhi-Agra Toll Road, the debt of Reliance Infrastructure will reduce by 25 percent to only less than Rs 5,000 crore," the company said.