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Infrastructure

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.
Reliance Infra to sell entire stake in Delhi-Agra Toll Road to Cube Highways for Rs 3,600 crore
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