"We have already signed term sheets for two of our BOT road assets and hope to close the deals by June 2014. Also, the 26% stake sale in 247 HCC Park in Vikhroli is long pending and should close in a month's time. These three deals put together, we should be able to raise close to R750 crore," Praveen Sood, group chief financial officer said.
Sood refused to divulge details of the two road
On Friday, the company posted yet another profitable quarter, with standalone net profit at R24.4 crore for the quarter ended March 31, 2014 against a net loss of R50.3 crore last year. Standalone total income surged 20% year-on-year to R1,184 crore compared to the three months of January to March, 2013.