{"id":264368,"date":"2019-03-15T05:30:49","date_gmt":"2019-03-15T05:30:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264368"},"modified":"2019-03-15T05:30:49","modified_gmt":"2019-03-15T05:30:49","slug":"cube-highways-to-buy-delhi-agra-highway-from-rinfra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cube-highways-to-buy-delhi-agra-highway-from-rinfra\/","title":{"rendered":"Cube Highways to buy Delhi-Agra highway from RInfra"},"content":{"rendered":"<p>Mumbai: Cube Highways and Infrastructure, the Indian roads and highways platform of global infrastructure fund I Squared Capital, on Thursday said that it has agreed to acquire DA Toll Road Pvt. Ltd, which operates a toll road in the states of Haryana and Uttar Pradesh, from Reliance Infrastructure Ltd. The enterprise value of the transaction is around \u20b93,600 crore, RInfra said in a statement. The proceeds will be utilized for debt reduction.<\/p>\n<p>On completion of the transaction, the Cube Highways portfolio will have over 4,500 lane-km of highways across India, the statement said. Financial details of the transaction were not disclosed.<\/p>\n<p>Investment bank Ambit Pvt. Ltd acted as financial adviser to Reliance Infra.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Cube Highways and Infrastructure, the Indian roads and highways platform of global infrastructure fund I Squared Capital, on Thursday said that it has agreed to acquire DA Toll Road Pvt. Ltd, which operates a toll road in the states of Haryana and Uttar Pradesh, from Reliance Infrastructure Ltd. The enterprise value of the transaction is around \u20b93,600 crore, RInfra said in a statement. The proceeds will be utilized for debt reduction. On completion of the transaction, the Cube Highways portfolio will have over 4,500 lane-km of highways across India, the statement said. Financial details of the transaction were not [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-264368","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264368"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264368\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}