IndInfravit completes acquisition of road assets worth Rs 82.70 billion from Brookfield

IndInfravit, the InvIT set up by Larsen & Toubro, has completed the acquisition of four operational road projects managed by Brookfield Asset Management in an all-cash transaction valued at Rs 82.70 billion. These assets are Simhapuri Expressway, Rayalseema Expressway, Mumbai-Nashik Expressway, and Kosi Bridge. The agreement signed with Brookfield consists of another asset, namely, Gorakhpur Infrastructure Company Private Limited, for which requisite regulatory approvals and fulfilment of certain other conditions set out under the definitive documents are still pending.