Reliance In Talks With Cube Highways For Sale Of Assets
Reliance group's construction company Reliance Infrastructure Ltd is in talks with Singapore based-Cube Highways for the sale of assets. The firm is planning to sell four road assets for an enterprise value of Rs 1,430 crore. The four assets for sale are DS Toll Road Pvt Ltd, NK Toll Road Pvt Ltd and SU Toll Road Pvt Ltd located in Tamil Nadu, and JR Toll Road Pvt Ltd located in Rajasthan. The proceeds from the sale would be used to reduce debt.