Calcutta-based Bharat Road Network has sold its entire 40 per cent stake in the 67-km-long Shree Jagannath Expressway in Odisha to an arm of the marquee Canadian infrastructure-focused fund Caisse de dépôt et placement du Québec (CDPQ) for Rs 2,100 crore, according to two sources.
The Srei Group, which was sent to the NCLT by the Reserve Bank recently, owns 30 per cent in the toll road project through one of its alternate investment funds called Trinity Investment Managers.
The deal is between Bharat Road Network and India Highway Concession Trust, one of the infrastructure investment trusts set up by CDPQ in the country, one of the sources told PTI.
