IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore

MUMBAI : IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd for ₹6,300 crore.

“InvIT, as a structure has facilitated a new investor class with a keen interest to allocate large capital towards infrastructure landscape. InvITs, backed by marquee overseas investors, create the necessary ecosystem to support the government’s ambitious plan to develop high quality infrastructure in the country,” J Subramanian, chief executive officer of LTIDPL IndvIT Services Ltd— the investment manager of IndInfravit, said in a press statement on Thursday.