Announced
Financials
Tags
toll road
Acquisition
India
Pending
toll road operator
Private
Toll Roads
Single Bidder
Friendly
Majority
Private Equity
Synopsis
Cube Highways acquired special purpose vehicle of Reliance Infrastructure in northern India, which is holding and operating the toll road for an enterprise value of 36.09bn rupees ($519m). This will help the Reliance Infrastructures to reduce its debt by 25%. The decision is in line with the company’s strategy to monetise non-core business and aim to be debt-free by the end of the financial year.
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