Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), on Thursday said it has decided to terminate the pact to purchase Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.
On August 4, 2022, Adani’s wholly-owned subsidiary said that it has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) — (owned 56.8 per cent by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd (STPL) (owned 100 per cent by Macquarie Asia Infrastructure Fund).
