Sadbhav Infrastructure Projects Limited merges with Sadbhav Engineering Limited

In a corporate announcement, Sadbhav Infrastructure Projects Limited announced its merger with Sadbhav Engineering Limited on October 19, 2019. Besides, Sadbhav Infrastructure Projects Limited has received the requisite approvals for transfer of 100 per cent stake in the company to the Indinfravit Trust. The National Highways Authority of India (NHAI) has approved the stake transfer for six subsidiaries of the company – Nagpur-Seoni Expressway Limited, Hyderabad-Yadgiri Tollway Private Limited, Dhule-Palesner Tollway Limited, Shreenathji-Udaipur Tollway Private Limited, Bhilwara-Rajsamand Tollway Private Limited and Bijapur-Hungund Tollway Private Limited – while the Maharashtra government has accorded approval for the stake transfer in Aurangabad-Jalna Tollway Limited, and the Karnataka State Highway Improvement Project has accorded approval for stake transfer in Mysore-Bellary Highway Private Limited. However, NHAI’s approval for Ahmedabad Ring Road Infrastructure Limited is still under progress.