Oriental InfraTrust (OIT) has signed Share Purchase Agreement (SPA) for acquisition of 100% shareholding and economic interest in Biaora to Dewas Highway (BDHPL) from Oriental Structural Engineers (owning 51% stake) and Oriental Tollways (owning 49% stake). The completion of acquisition would depend upon receipt of relevant approvals and completion of contractual obligations.
The acquisition of the aforesaid asset is in line with the Trust’s Investment objective broad base and increase the life of the assets of the OIT for to ensuring stable distribution to Unitholder.
Oriental Infratrust (the Trust) is an irrevocable Trust set up in June, 2019 under the Indian Trusts Act, 1882. The Sponsor of the Trust, Oriental Structural Engineers (OSEPL) and Oriental Tollways, are among the pioneer companies for Infrastructure development and construction in India.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 421.10 |
| REC | 348.10 |
| Indian Railway Fin. | 95.88 |
| NHIT | 160.00 |
| Satin Creditcare | 224.10 |
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