Essel Group in talks to sell road assets to CDPQ, Cube Highways

Essel Group in talks to sell road assets to CDPQ, Cube Highways

Subhash Chandra Chairman, Essel Group & ZEE

Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter said, requesting anonymity. A potential deal could be a major reprieve for the Subhash Chandra-led group that is struggling to repay lenders.

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