Brief: Reliance Infrastructure Says Sale Of Delhi-Agra Toll Road To Close By Aug End
27/06/2019 11:27
June 27 (Reuters) - Reliance Infrastructure Ltd RLIN.NS :
* SALE OF DELHI-AGRA (DA) TOLL ROAD TO CUBE HIGHWAYS AND
INFRASTRUCTURE III PTE LTD. TO CLOSE BY AUGUST END
* SAYS SALE FOR ENTERPRISE VALUE OF 36 BILLION RUPEES
* TOLL ROAD COLLECTION PERIOD IS UNTIL 2038
* CO TO UTILISE 100% OF PROCEEDS ONLY FOR DEBT REDUCTION
* APPLIED FOR COMMERCIAL OPERATIONS DATE (COD) TO NATIONAL
HIGHWAYS AUTHORITY OF INDIA (NHAI) FOR PROJECT
* POST SALE, DEBT OF RELIANCE INFRASTRUCTURE WILL REDUCE BY
OVER
25% TO LESS THAN 50 BILLION RUPEES
Source text: http://bit.ly/2NfUAml
Further company coverage: RLIN.NS
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Reliance Infrastructure
See all newsBrief: Reliance Infrastructure Says MMOPL's Debt Reduced By More Than 11 Bln Rupees
India regulator rejects Anil Ambani settlement request over Reliance Infrastructure
Brief: Reliance Infrastructure Undertakes Steps To Incorporate AI And Related Technology-Driven Activities
India's Reliance Infrastructure at 5-month lows on bigger Q3 loss
Brief: Reliance Infrastructure Unit Receives Notices From Axis Bank And IDFC First Bank