Cube Highways to buy Delhi-Agra highway from RInfra

Date posted: Friday 15 March 2019

Cube Highways and Infrastructure, the Indian roads and highways platform of global infrastructure fund I Squared Capital has agreed to acquire DA Toll Road Pvt. Ltd, which operates a toll road in the states of Haryana and Uttar Pradesh, from Reliance Infrastructure Ltd. The enterprise value of the transaction is around ₹3,600 crore. The proceeds will be utilized for debt reduction. DA Toll Road operates the 180-km, six-lane Delhi-Agra highway (NH2).

(Livemint)