{"id":511977,"date":"2022-08-05T09:06:18","date_gmt":"2022-08-05T03:36:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511977"},"modified":"2022-08-05T09:29:02","modified_gmt":"2022-08-05T03:59:02","slug":"adani-unit-to-buy-some-of-macquarie-asias-india-toll-roads-for-rs-3110-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-unit-to-buy-some-of-macquarie-asias-india-toll-roads-for-rs-3110-cr\/","title":{"rendered":"Adani unit to buy some of Macquarie Asia&#8217;s India toll roads for Rs 3,110 cr"},"content":{"rendered":"<p>Adani Enterprises said on Thursday its unit will acquire Macquarie Asia Infrastructure Fund&#8217;s India toll roads in Andhra Pradesh and Gujarat for Rs 3,110 crore ($391.89 million).<\/p>\n<p>Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises Ltd (AEL), engaged in development, construction, operations and management of roads and highway projects in India, has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) (owned 56.8% by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd (STPL) (owned 100% by Macquarie Asia Infrastructure Fund). ARTL will acquire 56.8% in GRICL and 100% stake in STPL subject to regulatory approval. The transaction is expected to close in September 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Enterprises said on Thursday its unit will acquire Macquarie Asia Infrastructure Fund&#8217;s India toll roads in Andhra Pradesh and Gujarat for Rs 3,110 crore ($391.89 million). Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises Ltd (AEL), engaged in development, construction, operations and management of roads and highway projects in India, has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) (owned 56.8% by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd (STPL) (owned 100% by Macquarie Asia Infrastructure Fund). ARTL will acquire 56.8% in GRICL and 100% stake in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-511977","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=511977"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511977\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}