PNC Infratech has completed the sale of 2,44,23,700 equity shares representing 8.51% of the share capital of Jaora - Nayagaon Toll Road company (a Special Purpose Vehicle) to Viva Highways and received an aggregate consideration of Rs 34.19 crore.
The sale is pursuant to the satisfaction of the conditions precedent mentioned in the Share Purchase Agreement (SPA), including receipt of approvals of the lenders of the SPV.
PNC Infratech is one of the front ending Indian infrastructure construction, development and management companies in the country, with wide experience and proven expertise in the execution of major infrastructure projects, including highways, bridges, flyovers etc.
