The property is well positioned for access to the A3 that runs between London and Portsmouth, while the village offers a good range of lo... £ 399, 995 21 Map.. * Fry & Kent has pleasure in mar...
Ltd (BRNL) along with its partners has inked a deal with Cube Highways for the sale of the entire stake in Ghaziabad Aligarh Expressway Private Limited. The proceeds from the sale will be utilised to reduce debt and also capitalise on growth opportunities in the highways sector. BRNL along with its partners has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership in an operating toll road project in Uttar Pradesh, the company said in a statement. BRNL currently holds 39 per cent stake in this project. The transaction is done at an enterprise value of up to Rs 1, 600 crore. It said the share purchase agreement provides for the sale of the entire stake in Ghaziabad Aligarh Expressway Private Limited, the special purpose vehicle (SPV) engaged in the development, operation and maintenance of a 126-kilometre toll road project from Ghaziabad to Aligarh on National Highway 34. The project has been granted a 24-year concession in 2011 for strengthening and widening the two-lane highway, the statement said adding, toll collection on this road started in June 2015.
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