IndInfravit Trust and Sadbhav Infrastructure Project (SIPL) have executed definitive agreements whereby IndInfravit has agreed to purchase the entire equity shareholding of SIPL in nine of SIPL’s operational road projects (Roads Portfolio) from SIPL. The transaction values 100% of the Roads Portfolio at an enterprise value of approximately Rs 66,100 million.
Upon completion of the transaction, pursuant to the definitive agreements, SIPL will receive the consideration from IndInfravit in cash as well as allotment of units of IndInfravit; post completion, SIPL will hold not exceeding 10% unit holding in IndInfravit.
Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated in 2007 as a developer and operator for highways, road and related projects on a BOT basis.
Company Name | CMP |
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Larsen & Toubro | 3667.40 |
Rail Vikas Nigam | 381.60 |
KEC International | 741.90 |
Kalpataru Projects | 1205.00 |
NCC | 287.25 |
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