Reliance Infrastructure (RInfra) is in talks with Singapore based-Cube Highways for the sale of its four road assets for an enterprise value of Rs 1,430 crore. RInfra will use the proceeds from the sale to reduce debt.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Metro Rail and Defence.