Reliance Infra to sell Pune Satara toll road project to Cube Highways and Infrastructure III for Rs 2000 crore
Cube Highways and Infrastructure III Pte Ltd. (Cube Highways), a Singapore-based company, will acquire a 100% stake in Reliance Infrastructure Limited’s (Reliance Infra) Pune Satara Toll Road (PSTR) project, Reliance Infra said on Friday.
The enterprise value for the PS Toll Road transaction is estimated at Rs 2,000 crore.
PS Toll Road Pvt. Ltd. is the special purpose vehicle (SPV) that operates the project.
