Firms in race for Reliance Infra’s 8 road projects
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Mumbai: Reliance Infrastructure Ltd is in advance talks with leading funds for the sale of its toll road projects. According to sources, three prominent bidders -- Macquarie Group, Cube Highways and Kotak Alternate Asset Managers -- are actively vying to acquire eight key road projects from Reliance Infrastructure (RInfra).
These eight road projects are spread across various states and their total length is around 658 km. These strategic assets are collectively valued at an enterprise valuation of Rs 6,000 crore. According to a banker privy to the process, discussions are currently at an advanced stage.
The finalisation of the sale of Reliance Infrastructure’s entire road portfolio is likely to be concluded by the end of this month. This transaction will have a significant impact on Reliance Infrastructure’s financial position.
