Anil Ambani led Reliance Infrastructure announced a sale agreement with Cube Highways and Infrastructure for its Delhi-Agra toll road project from Rs 3600 crore.
“Reliance Infrastructure has signed a definitive binding agreement with Cube Highways and Infrastructure III for the sale of its 100% stake in Delhi-Agra (DA) Toll Road. Cube Highways and Infrastructure III is a Singapore-based company formed by global infrastructure fund – I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority,” the company said in its statment.
In its release, the company pegged the deal enterprise value at Rs 3600 crore. ” NHAI claims of Rs. 1,200 crore to be filed by DA Toll Road will flow directly to Reliance Infrastructure,” the statement said.
