Category: Asset Acquisition

Welspun Enterprises Limited has executed definitive agreements with Actis for sale of 5 completed HAM projects and one operating BOT Toll asset.

Bharat Highways InvIT has filed draft prospectus with the SEBI to raise funds worth Rs 20 billion through an IPO.

A group of international and domestic investors are in preliminary negotiations to acquire some of South India’s premier road assets.

Maple Highways, backed by CDPQ has acquired Eastern Peripheral Expressway (EPE) that encircles the NCR from NHAI.

Kairus Shavak Dadachanji, chairman of the Dadachanji Group of Companies has invested Rs 1.56 billion in Shrem InvIT, which amounts to 4.6 per cent share.

NHAI has granted approval for transfer of the Padra-Vadodara Expressway Project to IRB InvIT fund.

NHAI InvIT has raised Rs 14.30 billion from domestic and international investors through the placement of its units in order to partially fund three more road assets.

The National Highways Authority of India (NHAI) has scrapped the auction for the tenth bundle of highway projects to be awarded to a private operator under the ToT model,

The BoD of IRB Infrastructure Developers Private Limited approved a proposal for transfer of five road projects to IRB InvIT fund.

National Highways Infra Trust (NHIT) intends to raise up to Rs 23.5 billion via bank loans and bonds in order to acquire three road assets from National Highway Authority of India (NHAI). 

Adani group launched its Rs 310 billion open offer with approval from Securities and Exchange Board of India (SEBI) to acquire a 26 per cent stake in Holcim’s ACC Limited and Ambuja Cements.

Adani Road Transport Limited (ARTL), a wholly-owned subsidiary of Adani Enterprises Limited, has acquired four toll road assets from Macquarie Asia Infrastructure for Rs 31.10 billion.

NIIF has acquired SP Jammu-Udhampur Highway Limited for $290 million via its master fund.

L&T is selling 8 operational road assets that it built and operated to Edelweiss Infrastructure Yield Plus.

NIIF has announced a Rs 30.35 billion investment in Navayuga Quazigund Expressway Private Limited.

The government intends to monetise an additional 500 km of completed highway projects worth Rs 80 billion through InvITs.

NHAI is planning to raise up to Rs 40 billion for its InvIT.

STFC has received approval from its equity shareholders and creditors for its merger with SCUF.