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Luthra, S&R acts on $185m Cube Highways buy of Delhi-Agra Toll road

New Delhi: Reliance Infrastructure on Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RInfra) has entered into a pact with Cube Highways in this regard.

The Economic Times

L&L Partners advised Cube Highways and Infrastructure III Pte Ltd led by a team of partner Aditya Periwal and managing associates Nipun Vaid and Avinash Subramanian, senior associate Abhishek Mour and associate Sushma Reddy Sama.

Update 29 May 2019: S&R Associates advised Reliance Infrastructure Limited led by a team of partners Sandip Bhagat and Rachael Israel, associates Akshaya Iyer, Sushmita Sur and Rohini Sud.

2019-03-14

Deal value: USD 185 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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