Business Update15 Jan 2024, 11:46 pm
PNC Infratech Limited Divests 12 Road Assets for INR 9057 Crores
AI Summary
PNC Infratech Limited, a leading infrastructure developer in India, has divested 12 of its road assets to Highways Infrastructure Trust (HIT) for INR 9,057 crores, in line with its strategic objective of recycling capital invested in operating road assets. The transaction is subject to regulatory and other customary conditions.,
Key Highlights
- PNC Infratech Limited divests 12 road assets for INR 9,057 crores
- Transaction aligned with the company's strategic objective of recycling capital invested in operating road assets
- One of the largest transactions in the Indian roads sector
- Highway Infrastructure Trust (HIT) acquires 12 road assets from PNC Infratech Limited
- PNC Infratech Limited has executed more than 90 major infrastructure projects across the country