{"id":585080,"date":"2023-06-17T10:18:37","date_gmt":"2023-06-17T04:48:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=585080"},"modified":"2023-06-17T11:54:51","modified_gmt":"2023-06-17T06:24:51","slug":"indinfravit-completes-acquisition-of-4-brookfield-road-projects-for-usd-1-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indinfravit-completes-acquisition-of-4-brookfield-road-projects-for-usd-1-bn\/","title":{"rendered":"IndInfravit completes acquisition of 4 Brookfield road projects for USD 1 bn"},"content":{"rendered":"<p>IndInfravit Trust (IndInfravit) on Friday said it has completed the acquisition of four operational road projects from the funds managed by Brookfield Asset Management in an all-cash transaction valued at around USD 1 billion. The announcement follows the June 10, 2022, agreement that IndInfravit Trust had executed with BIF India Holdings and Kinetic Holdings &#8212; both companies owned by the funds managed by Brookfield, to purchase five operational road projects.<\/p>\n<p>However, on completion, it has picked up four assets &#8212; Simhapuri Expressway, Rayalseema Expressway, Mumbai-Nashik Expressway and Kosi Bridge Infrastructure Company.<\/p>\n<p>The acquisition of the fifth asset, namely Gorakhpur Infrastructure Company, is pending regulatory approvals and fulfilment of certain other conditions set out under the agreement, the company said in a statement. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndInfravit Trust (IndInfravit) on Friday said it has completed the acquisition of four operational road projects from the funds managed by Brookfield Asset Management in an all-cash transaction valued at around USD 1 billion. The announcement follows the June 10, 2022, agreement that IndInfravit Trust had executed with BIF India Holdings and Kinetic Holdings &#8212; both companies owned by the funds managed by Brookfield, to purchase five operational road projects. However, on completion, it has picked up four assets &#8212; Simhapuri Expressway, Rayalseema Expressway, Mumbai-Nashik Expressway and Kosi Bridge Infrastructure Company. The acquisition of the fifth asset, namely Gorakhpur Infrastructure [&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":[130,193,136],"tags":[],"class_list":["post-585080","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585080","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=585080"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585080\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=585080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=585080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=585080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}