Reliance Infra completes Delhi-Agra toll road sale to Cube for Rs 3,600 cr
Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore.
In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value overRs 3,600 crore.
The deal was announced in March 2019 with the signing of a definitive bindingagreement between Reliance Infra and Cube Highways and Infrastructure III Pte Ltd.
Reliance Infra said the entire sale proceedsare being utilised for debt reduction.
