{"id":408739,"date":"2021-04-03T09:39:06","date_gmt":"2021-04-03T04:09:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408739"},"modified":"2021-04-03T10:23:35","modified_gmt":"2021-04-03T04:53:35","slug":"brnl-partners-exit-ghaziabad-aligarh-expressway-project-sell-stake-to-cube-highways","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brnl-partners-exit-ghaziabad-aligarh-expressway-project-sell-stake-to-cube-highways\/","title":{"rendered":"BRNL, partners exit Ghaziabad-Aligarh Expressway project, sell stake to Cube Highways"},"content":{"rendered":"<p>Kolkata-based road developer Bharat Road Network Limited (BRNL) and its partners have exited the Ghaziabad-Aligarh toll road project by selling their stake to global infrastructure group I Squared Capital&#8217;s Cube Highways, a company statement said. <\/p>\n<p>BRNL held a 39 per cent stake in Ghaziabad-Aligarh Expressway Private Limited \u2014 the special purpose vehicle that developed and operated the 126-km toll road on NH-34. <\/p>\n<p>PNC Infra and its associates held a 35 per cent stake and the balance 26 per cent was with Galfar Engineering and its associates. <\/p>\n<p>&#8220;BRNL along with its partners has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership&#8221; in Ghaziabad-Aligarh Expressway Pvt Ltd, the firm said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata-based road developer Bharat Road Network Limited (BRNL) and its partners have exited the Ghaziabad-Aligarh toll road project by selling their stake to global infrastructure group I Squared Capital&#8217;s Cube Highways, a company statement said. BRNL held a 39 per cent stake in Ghaziabad-Aligarh Expressway Private Limited \u2014 the special purpose vehicle that developed and operated the 126-km toll road on NH-34. PNC Infra and its associates held a 35 per cent stake and the balance 26 per cent was with Galfar Engineering and its associates. &#8220;BRNL along with its partners has signed an agreement with Cube Highways, a portfolio [&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":[146,130,178],"tags":[],"class_list":["post-408739","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-roads-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408739","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=408739"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408739\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}