Reliance Infrastructure (RInfra) has got in-principle nod from the National Highways Authority of India (NHAI) for sale of Delhi-Agra toll road to Cube Highways and Infrastructure for Rs 3,600 crore. The company will utilise the entire proceeds to pay lenders and reduce debt.
This approval paves the way to close the sale of the 180-km 6-lane Delhi-Agra toll road to Cube Highways and Infrastructure, which is owned by a Singapore-based Global Infrastructure Fund, I Squared Capital, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.
RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
