Reliance Infra to sell Pune-Satara toll road project to Cube Highways in a ₹2,000 crore deal — Details here
Anil Ambani-owned Reliance Infrastructure is set to sell the Pune-Satara toll road project to the Singapore-based infrastructure company, Cube Highways, in a ₹2,000 crore deal, which will be against a full acquisition of stakes in the special purpose vehicle (SPV) firm named PS Toll Road Pvt. Ltd, according to a white paper.
Reliance Infra aims to monetise these non-core assets, enhance financial flexibility, and focus on long-term value creation in the company. After the transaction, Cube Highways will acquire a 100% stake in PS Toll Road Pvt. Ltd
