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Indinfravit Trust To Buy Stake In Nine Of Sadbhav Infrastructure Project's Road Projects


Monday, 1 Jul 2019 

July 1 (Reuters) - Indinfravit Trust ::AGREED TO PURCHASE SADBHAV INFRASTRUCTURE PROJECT'S STAKE IN NINE OF SIPL'S OPERATIONAL ROAD PROJECTS.SAYS TRANSACTION VALUES 100% OF ROADS PORTFOLIO AT AN ENTERPRISE VALUE OF 66.10 BILLION RUPEES.POST DEAL, SIPL WILL RECEIVE CONSIDERATION FROM INDINFRAVIT IN CASH AS WELL AS ALLOTMENT OF UNITS OF INDINFRAVIT.SAYS POST COMPLETION, SIPL WILL HOLD NOT EXCEEDING 10% UNITHOLDING IN INDINFRAVIT.. 

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