Cube Highway, CPPIB, Brookfield in race to buy Reliance Infra road assets

Road asset sale to reduce Rel Infra debt by Rs 2,000 cr

Reliance Infrastructure

Reliance Infrastructure

Dev Chatterjee Mumbai

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Leading international investment funds, including Cube Highways, Brookfield, and Canada Pension Plan Investment Board (CPPIB), have joined the race to buy three road assets of Reliance Infrastructure at a valuation of Rs 2,000 crore.

According to investment banking sources, Reliance Infrastructure has put on the block Pune Satara toll road (PS toll road) in Maharashtra, and Hosur-Krishnagiri toll road (HK toll road) and Salem-Ulenderpet toll road (SU toll road) in Tamil Nadu. Total length of the three toll roads is around 350 km.

The combined debt involving these three toll road assets is Rs 2,000 crore. Hence, with the successful closure of these transactions, Reliance Infrastructure’s debt will come down by Rs 2,000 crore, said a banker. Reliance Infrastructure's total

First Published: Jun 18 2023 | 2:51 PM IST

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