Thecomprises eight roads and one power transmission asset in , spanning 4,900 lane-kms and 960 ckms, respectively. The transaction is subject to customary closing conditions including applicable regulatory and other approvals.
“Following this acquisition, the infrastructure platform will scale up to 26 assets with cumulative annual
Infrastructure Yield Strategy has Rs 9,500 cr of Infrastructure assets under its domain with focus on investing in infrastructure sectors such as power transmission, renewable power, and highways among others.
Sreekumar Chatra, Managing Director, Infrastructure Yield Strategy said, “These assets have a proven track record of operations, are geographically dispersed and have long residual life, which is consistent with our investment strategy. We believe our asset management and operating capabilities, together with that of L&T IDPL, will help scale up this platform.”
On completion of the acquisition, Edelweiss Alternatives said it will have a diversified infrastructure portfolio of 26 assets across 13 states, making it a leading infrastructure investor in India.