Canadian fund Omers Infrastructure has acquired a 22.4 per cent stake in L&T Infrastructure Development Projects-sponsored IndInfravit Trust (IndInfravit) for ₹ 870 crore.
The investment marks Omers’ first investment in the infrastructure space in the county, the company said in a statement Friday.
IndInfravit holds a portfolio of five operational toll road projects, spread across Karnataka, Telangana, Tamil Nadu and Rajasthan, which were constructed and are being operated by L&T IDPL, a subsidiary of Larsen & Toubro.
“IndInfravit is a well-managed core infrastructure asset. This investment provides an attractive entry point for us into India, alongside well-trusted partners,” Omers Asia managing director Bruce Crane said.
