MEP Infrastructure Developers has signed a non-binding Term Sheet with Indian Highways Developers (the Buyer) on August 4, 2018 (received by the company on August 7, 2018) in respect of divestment of its total stake in 6 Subsidiary Companies (SPVs) viz. MEP Nagpur Ring Road 1, MEP Sanjose Nagpur Ring Road 2, MEP Sanjose Arawali Kante Road, MEP Sanjose Kante Waked Road, MEP Sanjose Talaja Mahuva Road and MEP Sanjose Mahuva Kagavadar Road.
MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
