IndInfravit Trust has completed the acquisition of 100 percent stake in eight operational road projects of Sadbhav Infrastructure at an enterprise value of Rs 6,300 crore. IndInfravit had entered into a definitive agreement with Sadbhav to acquire its total nine road assets on July 1, 2019.
Of these eight projects, six are toll roads while the remaining two are annuity roads, with total length of 2,300 km across states like Karnataka, Maharashtra, Rajasthan and Telangana. The acquisition of the ninth road project - Ahmedabad Ring Road Infrastructure is pending the receipt of requisite regulatory approvals and fulfillment of certain other conditions set out under the definitive documents.
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.
