PNC Infratech has received approval to divest entire 51% stake in Ferrovia Transrail Solutions (FTSPL), to BF Infrastructure (BFIL). In view of the same, the Company has executed a Share Purchase Agreement on February 28, 2023 and other related transaction documents, with inter alia BFIL, for sale of the entirety of its shareholding in FTSPL. The proposed sale of shares of FTSPL to BFIL is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
