{"id":309821,"date":"2020-01-10T11:08:57","date_gmt":"2020-01-10T05:38:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309821"},"modified":"2020-01-10T11:08:57","modified_gmt":"2020-01-10T05:38:57","slug":"cube-highways-to-take-over-rinfras-delhi-agra-toll-road-for-%e2%82%b93600-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cube-highways-to-take-over-rinfras-delhi-agra-toll-road-for-%e2%82%b93600-crore\/","title":{"rendered":"Cube Highways to take over RInfra&#8217;s Delhi-Agra toll road for \u20b93600 crore"},"content":{"rendered":"<p>Reliance Infrastructure, part of the debt-laden Anil Ambani group, has received in-principle approval from the National Highways Authority of India (NHAI) for a \u201charmonious substitution&#8221; of its Delhi-Agra toll road to Singapore-based Cube Highways and Infrastructure for \u20b93600 crore.<\/p>\n<p>Reliance Infra, which will receive equity payment of \u20b91700 crore from this transaction, said it would use 100% of the sale proceeds to pay off the company\u2019s debt.<\/p>\n<p>By \u201charmonious substitution&#8221;, the control of the asset moves to the new owner who will also take on responsibility for servicing the asset\u2019s ongoing debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Infrastructure, part of the debt-laden Anil Ambani group, has received in-principle approval from the National Highways Authority of India (NHAI) for a \u201charmonious substitution&#8221; of its Delhi-Agra toll road to Singapore-based Cube Highways and Infrastructure for \u20b93600 crore. Reliance Infra, which will receive equity payment of \u20b91700 crore from this transaction, said it would use 100% of the sale proceeds to pay off the company\u2019s debt. By \u201charmonious substitution&#8221;, the control of the asset moves to the new owner who will also take on responsibility for servicing the asset\u2019s ongoing debt.<\/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-309821","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\/309821","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=309821"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309821\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}