Adani Road Transport (ARTL), a fully-owned subsidiary of Adani Enterprises, will acquire Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and its 56.8% stake in a toll road asset in Gujarat for an enterprise value of Rs 3,110 crore. The transaction is expected to close next month.
“The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India,” Adani Enterprises said in a statement on Thursday. The two companies have entered into a definitive agreement.
