IRB Infrastructure Trust has made a sale of 2 road projects, CG Tollway Limited and Solapur Yedeshi Tollway Limited, to IRB InvIT Fund at an equity value of ~₹2,744 crore.
Resolüt Partners advised IRB Infrastructure Trust on this transaction.
The transaction team consisted of Ruchir Sinha (Managing Partner), Shreyas Bhushan (Partner), Shivam Yadav ( Senior Associate), Associates Sammahith Addoor and Agrim Mor.
CG Tollway holds the concession for a roughly 125 km stretch of NH-79 in Rajasthan, covering the Kishangarh- Udaipur- Ahmedabad section.
Solapur Yedeshi Tollway holds the concession for a 98.7 km stretch of NH-211 between Solapur and Yedeshi in Maharashtra.
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