Reliance Infrastructure Limited

500390

INE036A01016

Electric Utilities

Market Closed - Bombay S.E. Other stock markets 06:26:20 2024-04-26 am EDT			5-day change	1st Jan Change
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Apr. 06	Reliance Infrastructure Limited Announces Loans / Revolving Facilities Like Cash Credit from Banks	CI
Mar. 12	Reliance Infrastructure Appoints Chief Human Resource Officer	MT

Reliance Infrastructure : Rinfra completes 100% Stake Sale of its Delhi Agra (DA) Toll Road to Cube Highways and Infrastructure III Pte Ltd

February 03, 2021 at 02:00 am EST

Reliance Infrastructure Limited
Reliance Centre	Tel: +91 22 4303 1000
Santa Cruz (E)	Fax: +91 22 4303 8662
Mumbai 400055	www.rinfra.com
CIN : L75100MH1929PLC001530

MEDIA RELEASE

RELIANCE INFRASTRUCTURE LIMITED (RINFRA) COMPLETES

100% STAKE SALE OF ITS DELHI-AGRA (DA) TOLL ROAD TO CUBE HIGHWAYS ANDINFRASTRUCTURE III PTE LTD

TOTAL TRANSACTIONENTERPRISE VALUE IS OVER RS. 3,600 CRORE

PROCEEDS TO BE UTILIZED ENTIRELY FOR DEBT REDUCTION

CONSOLIDATED DEBT TO COME DOWN BY ~20PERCENT FROM

RS. 17,500 CRORE TO RS. 14,000 CRORE

Mumbai, January 1, 2021:Reliance Infrastructure Limited (RInfra) announce the successful completion of the sale of its 100% stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs.3,600 crore.

The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III Pte Ltd and has now been completed with transfer of shares of the DA Toll Road Private Limited and receipt of sale consideration.

Cube Highways and Infrastructure III Pte Ltd. is a Singapore-based company formed by Global Infrastructure Fund - I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

The total transaction value is over Rs. 3,600 crore. The entire sale proceeds are being utilized for debt reduction.

RInfra has reduced its total debt liabilities by ~20 percent from the deal proceeds.

Registered Office: Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001

Reliance Infrastructure Limited
Reliance Centre	Tel: +91 22 4303 1000
Santa Cruz (E)	Fax: +91 22 4303 8662
Mumbai 400055	www.rinfra.com
CIN : L75100MH1929PLC001530

Reliance Infrastructure Limited

Reliance Infrastructure Ltd (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.

RInfra is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects.

RInfra through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; nine road projects on build, operate and transfer (BOT) basis.

RInfra is also a leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission and Distribution.

https://twitter.com/rinfraofficialhttps://www.facebook.com/relianceinfrastructure/

For further information please contact:

Daljeet Singh : 9818802509

Daljeet.s.singh@relianceada.com

Registered Office: Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001

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Reliance Infrastructure Limited published this content on 03 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2021 06:59:02 UTC.

Latest news about Reliance Infrastructure Limited

Reliance Infrastructure Limited Announces Loans / Revolving Facilities Like Cash Credit from Banks	Apr. 06	CI
Reliance Infrastructure Appoints Chief Human Resource Officer	Mar. 11	MT
Reliance Infrastructure Limited Appoints Jaidip Chatterjee as Chief Human Resource Officer	Mar. 11	CI
Reliance Infrastructure Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 09	CI
Reliance Infrastructure's Chief Human Resource Officer Resigns	Feb. 04	MT
Reliance Infrastructure Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 08	CI
Reliance Infrastructure Limited announced that it expects to receive INR 8.91 billion in funding from Reliance Commercial Finance Limited	23-08-23	CI
Reliance Infrastructure Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-11	CI
Cube Highway, CPPIB, Brookfield in Race to Buy Reliance Infrastructure Road Assets	23-06-18	CI
Reliance Infrastructure Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-30	CI
Reliance Infrastructure Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-05-30	CI
Reliance Infrastructure Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-03	CI
India regulator probes investments between Nippon Mutual Fund, Yes Bank - sources	23-01-19	RE
Reliance Infrastructure Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	22-11-11	CI
Reliance Infrastructure Arm Yet to Receive $552 Million Dues from Delhi Metro Rail	22-10-06	MT
Reliance Infrastructure Limited Announces Resignation of Thomas Mathew as Independent Director	22-09-09	CI
Reliance Infrastructure Limited Reports Earnings Results for the First Quarter Ended June 30, 2022	22-08-13	CI
Reliance Infrastructure Limited announced that it expects to receive INR 31.757 billion in funding	22-08-04	CI
Reliance Infrastructure Limited Reports Earnings Results for the Full Year Ended March 31, 2022	22-05-14	CI
Reliance Infrastructure Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2022	22-05-13	CI
Reliance Infrastructure Limited Announces Board Changes	22-04-22	CI
Reliance Infrastructure Limited Announces CFO Changes	22-04-11	CI
Reliance Infrastructure Sells Subsidiary to Birla Unit	22-04-04	MT
Reliance Infrastructure Limited Announces Board Changes	22-03-25	CI
Reliance Infrastructure Slips to Losses in Fiscal Q3	22-02-14	MT

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Company Profile

Reliance Infrastructure Limited specializes in production, transmission and distribution of electricity. Net sales break down by activity as follows: - production, transmission and distribution of electricity (99.4%); - engineering, construction and maintenance of infrastructure (0.6%): roads, highways, bridges, subways, airports, etc. The groupe also develops concession development and construction of power plants. All sales are in India.

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Electric Utilities

Calendar

2024-05-09 - Q4 2024 Earnings Release (Projected)

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