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Access here alternative investment news about Cppib-backed India Infrastructure Investment Trust Buys €845.4M Roads Portfolio | News | Ipe Ra
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Cppib-backed India Infrastructure Investment Trust Buys €845.4M Roads Portfolio | News | Ipe Ra

by realassets.ipe.com posted 3weeks ago 10 views
IndInfravit agreed a INR66bn (€845.4m) deal to buy a roads portfolio from Sadbhav. : India’s first private infrastructure investment trust has agreed a INR66bn (€845.4m) deal to buy a roads portfolio from Sadbhav Infrastructure Project Limited (SIPL). IndInfravit Trust, which is majority-owned by Canada Pension Plan Investment Board (CPPIB) and Allianz, is buying the entire equity shareholding in nine of SIPL’s operational road projects in a cash and share deal. The roads portfolio comprises seven toll roads and two annuity roads, with total 2,619km in Gujarat, Karnataka, Maharashtra, Rajasthan and Telangana.

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