Sadbhav Infrastructure Project has received final approval from various authorities for transfer of 100% stake of Special Purpose Vehicles (SPVs) namely Bhilwara-Rajsamanad Tollway, Bijapur-Hungund Tollway, Dhule Palesner Tollway, Hyderabad-Yadgiri Tollway, Nagpur-Seoni Express Way, Shreenathji-Udaipur Tollway, Aurangabad-Jalna Toll Way and Mysore-Bellary Highway to Indinfravit Trust (Indinfravit).
Further, company currently expects to receive the stake sale proceeds in respect of above eight SPVs soon after the declaration of the results of unitholders meeting on January 31, 2020, subject to the approval of the unitholders of the IndInfravit Trust, satisfaction of the applicable terms and conditions of the relevant definitive agreements and compliance with applicable law.
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.
