Hindustan Construction Company (HCC Group) said that it has agreed to sell Baharampore-Farakka Highways Limited (BFHL) to Singapore-based Cube Highways and Infrastructure V at an enterprise value of INR 1,279 crores. The deal implies an equity valuation of INR 600 crores for Baharampore-Farakka Highways. Apart from the equity value, an earnout of INR 200 crores […]
Cube Highways and Infrastructure II (Cube Highways) has completed its acquisition of Farakka-Raiganj Highways Limited (FRHL), an operating toll road in West Bengal state in India, from HCC Concessions, for INR 1,508 crore. The acquisition by Cube Highways was executed through its ISQ Global Infrastructure Fund II. The deal expands the portfolio of the Singapore-based […]