RInfra plans to sell five road assets to Singapore’s Cube Highways

Reliance Infrastructure (RInfra) is reportedly in talks with global investment players such as Cube Highways, Brookfield, Apollo Global, and Canadian institutional investor Caisse de dépôtet placement du Québec (CDPQ) for the sale of five of its road assets. The five roads include DS Toll Road, NK Toll Road and SU Toll Road in Tamil Nadu, JR Toll Road in Rajasthan, and Pune-Satara highway in Maharashtra, according to the sources. The five roads are expected to fetch about Rs.32.50 bn, which will support the company to lessen its consolidated debt of `142.6 bn as of March 2021.