{"id":264409,"date":"2019-03-15T06:28:11","date_gmt":"2019-03-15T06:28:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264409"},"modified":"2019-03-15T06:30:23","modified_gmt":"2019-03-15T06:30:23","slug":"reliance-infrastructure-to-divest-delhi-agra-toll-road-to-cube-highways-for-rs-3600-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-infrastructure-to-divest-delhi-agra-toll-road-to-cube-highways-for-rs-3600-crore\/","title":{"rendered":"Reliance Infrastructure to divest Delhi-Agra Toll Road to Cube Highways for Rs. 3,600 crore"},"content":{"rendered":"<p>Reliance Infrastructure (RInfra), part of Anil Ambani-promoted Reliance Group, has announced signing of a definitive, binding agreement with Singapore-based Cube Highways for selling its entire stake in Delhi-Agra Toll Road for an enterprise value of Rs. 3,600 crore. This move will help the company pare its debt.<\/p>\n<p>The Delhi-Agra (DA) Toll Road is an SPV of RInfra operating a 180-km long, six-lane road connecting Delhi with Agra on National Highway 2. The road asset has witnessed an impressive revenue growth of 25 per cent in FY18, RInfra said , adding that the toll project has a concession period till 2038. Currently, RInfra has 11 road projects across seven States, totalling 4,400 km. Delhi-Agra is the longest of them all.<\/p>\n<p>Cube Highways and Infrastructure III is backed by I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Infrastructure (RInfra), part of Anil Ambani-promoted Reliance Group, has announced signing of a definitive, binding agreement with Singapore-based Cube Highways for selling its entire stake in Delhi-Agra Toll Road for an enterprise value of Rs. 3,600 crore. This move will help the company pare its debt. The Delhi-Agra (DA) Toll Road is an SPV of RInfra operating a 180-km long, six-lane road connecting Delhi with Agra on National Highway 2. The road asset has witnessed an impressive revenue growth of 25 per cent in FY18, RInfra said , adding that the toll project has a concession period till 2038. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-264409","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264409","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264409"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264409\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}