New Delhi, Aug. 22 -- Anil Ambani-owned Reliance Infrastructure is set to sell the Pune-Satara toll road project to the Singapore-based infrastructure company, Cube Highways, in a Rs.2,000 crore deal, which will be against a full acquisition of stakes in the special purpose vehicle (SPV) firm named PS Toll Road Pvt. Ltd, according to a white paper.

Reliance Infra aims to monetise these non-core assets, enhance financial flexibility, and focus on long-term value creation in the company. After the transaction, Cube Highways will acquire a 100% stake in PS Toll Road Pvt. Ltd

According to the company disclosure, Reliance Infrastructure plans to use Rs.600 crore of the funds raised to deploy for future growth initiatives in the firm's core b...