Cube Highways to buy 100% stake in Ghaziabad Aligarh Expressway for ₹1600 cr
Mumbai: Cube Highways and Infrastructure Pte Ltd has signed a pact with Bharat Road Network Ltd (BRNL) and its partners to acquire a 100% stake in Ghaziabad Aligarh Expressway Private Ltd (GAEPL). The transaction is being done at an enterprise value of ₹1,600 crore.
BRNL currently holds 39% stake in this project.
The completion of the transaction is contingent upon fulfilment of certain customary regulatory and lender approvals, the company said in a release.
