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MEP Infrastructure signs term sheet for divestment of 6 arms

09 Aug 2018 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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