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Reliance Infra in talks with Apollo Global, Brookfield, CDPQ to sell Pune-Satara Toll Road asset

Business Line  

Reliance Infrastructure, an Anil Ambani group firm, is in talks with Apollo Global, Brookfield and Canadian institutional investor CDPQ (Caisse de dépôt et placement du Québec) to sell Pune-Satara toll road. The enterprise value of the asset is estimated at INR 1,500 crore – 1,800 crore. The toll road is a six-lane road, between Pune and Satara in Maharashtra on National Highway (NH4), stretching about 140 km. The project is part of the Golden Quadrilateral, which connects Mumbai and Bengaluru. The company is also in talks with Cube Highways which has shown interest in four of its road assets -- DS Toll Road Pvt Ltd, NK Toll Road, SU Toll Road in Tamil Nadu and JR Toll Road in the state of Rajasthan.