M&A Deal Summary

Cube Highways and Infrastructure Acquires Farakka-Raiganj Highways

On September 22, 2020, Cube Highways and Infrastructure acquired infrastructure company Farakka-Raiganj Highways from Hindustan Construction Co.

Acquisition Highlights
  • This is Cube Highways and Infrastructure’s 7th transaction in the Infrastructure sector.
  • This is Cube Highways and Infrastructure’s 7th transaction in India.

M&A Deal Summary

Date 2020-09-22
Target Farakka-Raiganj Highways
Sector Infrastructure
Buyer(s) Cube Highways and Infrastructure
Sellers(s) Hindustan Construction Co.
Deal Type Divestiture

Target

Farakka-Raiganj Highways

Mumbai, India
Farakka-Raiganj Highways Ltd. operates a 100-kilometer, four-lane toll road connecting Farakka and Raiganj, in the eastern state of West Bengal. FRHL is on the arterial route in West Bengal, connecting major tourist attractions and trade centers from the state capital Kolkata to Siliguri and Darjeeling. The road is also a feeder route to North Bengal, North-East India, Nepal, and Bhutan.

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Buyer(S) 1

Buyer

Cube Highways and Infrastructure

Singapore, Singapore

Category Company
Sector Infrastructure
DESCRIPTION

Cube Highways and Infrastructure invests in road and highway projects along with select other infrastructure sectors. Cube Highways and Infrastructure is based in Singapore.


DEAL STATS #
Overall 7 of 7
Sector: Infrastructure M&A 7 of 7
Type: Divestiture M&A Deals 5 of 5
Country: India M&A 7 of 7
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 KNR Walayar Tollways Pvt.

Kerala, India

KNR Walayar Tollways Pvt. Ltd. is an operator of a four-lane 53.5-kilometer toll road connecting Walayar with Vadakkancherry on National Highway (NH) 47.

Buy -

Seller(S) 1

SELLER

Hindustan Construction Co.

Mumbai , India

Category Company
Founded 1926
Sector Infrastructure
DESCRIPTION

Hindustan Construction Co. Ltd. (HCC) is a business group of global scale developing and building responsible infrastructure through next practices. HCC is a pioneer in India’s infrastructure industry, having executed landmark projects that have defined the country’s progress since 1926.


DEAL STATS #
Overall 1 of 1
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2020 M&A 1 of 1