RInfra to sell entire stake in Delhi-Agra Toll Roadway for Rs 3,600 crore

RInfra said it will utilise the proceeds of this transaction entirely to reduce its debt

Company News: Dependence Infrastructure Ltd Thursday said it will sell its whole stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani drove organization's obligation will be decreased by 25 percent to not as much as Rs 5,000 crore.
Dependence Infrastructure (RInfra) has gone into a settlement with Cube Highways in such manner.
Solid shape Highways and Infrastructure III Pte Ltd is a Singapore-based organization framed by worldwide foundation finance - I Squared Capital and an entirely claimed auxiliary of the Abu Dhabi Investment Authority.
The exchange is in accordance with Reliance Infrastructure's vital arrangement of monetising non-center business and spotlight on real development zones like building and development (E&C) business.
RInfra today declared the consenting to of Definitive Binding Arrangement with Cube Highways and Infrastructure III Pte Ltd for the closeout of its 100 percent stake in Delhi-Agra (DA) Toll Road Private Limited, the organization said in an announcement.
"The all out arrangement endeavor esteem is over Rs 3,600 crore. What's more, NHAI cases of Rs 1,200 crore to be documented by DA Toll Road Pvt Ltd will stream specifically to Reliance Infrastructure," the organization included.Read More

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