Highways infrastructure investment trust Shrem InvIT is moving forward with a deal worth more than $450 million, which includes the acquisition of five operational road projects across Uttar Pradesh, Bihar, Haryana, Maharashtra, Andhra Pradesh, Tamil Nadu, Jharkhand and Delhi-National Capital Region. These acquisitions will add more heft to Shrem InvIT’s existing portfolio, which comprises 34 road projects across nine states—Madhya Pradesh, Maharashtra, Uttar Pradesh, Karnataka, Gujarat, Jharkhand, Andhra Pradesh, Odisha and Chhattisgarh. These assets will be acquired from APCO Infratech and Chetak Enterprises Limited. The special purpose vehicles being acquired are APCO Arasavalli Expressway Private Limited, Freedompoint Expressway Private Limited, APCO Navkalyan Expressway Private Limited, APCO Chetak Ultraway Private Limited and Apco Chetak Expressway Private Limited.
