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Shares of Reliance Infrastructure surge 3% after the company sells Delhi-Agra toll road to Cube Highways

Shares of Reliance Infrastructure surge 3% after the company sells Delhi-Agra toll road to Cube Highways

Reliance Infrastructure share price added 3% in the early session on January 1 after the company sold the Delhi-Agra toll road to Cube Highways and Infrastructure III Pte Ltd for a deal of Rs 3600 crore. Reliance Infra has reduced its total debt liabilities by 20% from ₹17,500 crore to ₹14,000 crore from this deal. Shares of Reliance Infrastructure Ltd were trading 4.84% higher at ₹28.15 apiece on BSE.

Srushti Vaidya

Srushti Vaidya is a mass media student from Ramnarian Ruia Autonomous College, Mumbai. She holds interest in politics and wants to pursue her carrer in journalism. Contact her at vaidyasrushti19@gmail.com