M&A Deal Summary

Cube Highways and Infrastructure Acquires KNR Walayar Tollways Pvt.

On January 9, 2020, Cube Highways and Infrastructure acquired infrastructure company KNR Walayar Tollways Pvt.

Acquisition Highlights
  • This is Cube Highways and Infrastructure’s 6th transaction in the Infrastructure sector.
  • This is Cube Highways and Infrastructure’s 6th transaction in India.

M&A Deal Summary

Date 2020-01-09
Target KNR Walayar Tollways Pvt.
Sector Infrastructure
Buyer(s) Cube Highways and Infrastructure
Deal Type Add-on Acquisition

Target

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.

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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 6 of 7
Sector: Infrastructure M&A 6 of 7
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 6 of 7
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Ghaziabad Aligarh Expressway Pvt.

Delhi, India

Ghaziabad Aligarh Expressway Pvt. Ltd. is a provider of road construction services. Ghaziabad Aligarh Expressway is based in Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 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.

Buy -