Cube Highways, CPP Investments, Brookfield in race to buy Reliance road assets

International investment funds, such as Cube Highways, Brookfield, and CPP Investments are vying to acquire three road assets from Reliance Infrastructure at an estimated value of Rs 20 billion.
The road assets on the block are Pune Satara toll road (PS toll road) in Maharashtra, and Hosur-Krishnagiri toll road (HK toll road) and Salem-Ulenderpet toll road (SU toll road) in Tamil Nadu.
The combined length of the three toll roads is around 350 km, with the debt being Rs 20 billion. The transaction, if successful, will be the second major road monetisation by Reliance Infrastructure.