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Last Updated : Mar 14, 2019 01:45 PM IST | Source: Reuters

Reliance Infrastructure to sell SPV stake for over $500 million

The deal is valued at an enterprise amount of 36 billion rupees.

Reliance Infrastructure Ltd said on March 14 it signed an agreement to sell its stake in special purpose vehicle (SPV) Delhi-Agra (DA) Toll Road Pvt Ltd to Singapore-based Cube Highways and Infrastructure III Pvt Ltd.

The deal is valued at an enterprise amount of 36 billion rupees ($517.11 million), the company said.

($1 = 69.6180 Indian rupees)
First Published on Mar 14, 2019 01:41 pm
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