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Reliance Infrastructure to sell Delhi-Agra road project to Cube Highways

In its release, the company pegged the deal enterprise value at Rs 3600 crore

Anil Ambani, owner of Reliance Infra
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Anil Ambani, owner of Reliance Infra

Amritha Pillay Mumbai
Anil Ambani led Reliance Infrastructure announced a sale agreement with Cube Highways and Infrastructure for its Delhi-Agra toll road project from Rs 3600 crore. 

"Reliance Infrastructure  has signed a  definitive binding agreement with Cube Highways and Infrastructure III  for the sale of its 100% stake in Delhi-Agra (DA) Toll Road. Cube Highways and Infrastructure III is a Singapore-based company formed by global infrastructure fund – I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority," the company said in its statment.

In its release, the company pegged the deal enterprise value at Rs 3600 crore. " NHAI