Ashoka Buildcon Limited (ABL) and its subsidiary, Ashoka Concessions Limited (ACL), have entered into an SPA with Edelweiss’s infrastructure funds, Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II, and Infrastructure Yield Plus IIA to sell 11 road assets for Rs 23.24 billion. Epic Concesiones 2 is owned by Infrastructure Yield Plus II and Infrastructure Yield Plus IIA, both alternative investment funds managed by EAAA India Alternatives Limited (formerly Edelweiss Alternative Asset Advisors Limited). The transaction for each SPV will be completed individually, subject to the fulfilment of specific terms, conditions and regulatory approvals.
LATEST
- [ May 6, 2026 ] State-of-the-art ship repair facility at Vadinar, Gujarat gets approved Ports & Shipping
- [ May 6, 2026 ] Defence Ministry signs Rs 14.76 billion deal with BEL for ground-based electronic systems Telecom
- [ May 6, 2026 ] NHSRCL launches five 1,360 mt portal beams at Amdavad-Vadodara rail section at Maninagar in Ahmedabad, Gujarat Railways
- [ May 6, 2026 ] KKR-backed Vertis Infra Trust eyes Rs 30 billion IPO Roads and Bridges
- [ May 6, 2026 ] NTPC declares commercial operation of 100 MW at Ramagundam solar project Power
- [ May 6, 2026 ] Cabinet approves two semiconductor manufacturing units with cumulative investment of Rs 39.36 billion Telecom
- [ May 6, 2026 ] Enabling Connectivity: NHIDCL’s role in Northeast and border road development Roads & Bridges
- [ May 6, 2026 ] Critical Links: Uttar Pradesh emerges as a front runner in expressway expansion Roads & Bridges
- [ May 5, 2026 ] Towards a Smarter Grid: Digital initiatives to make the distribution system more intelligent and resilient Power
- [ May 5, 2026 ] Ramping Up: Maharashtra takes initiatives to meet its long-term renewables targets Power
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE