Adani Enterprises arm Adani Road Transport Ltd will acquire a 100% stake in Andhra Pradesh toll roads portfolio (STPL) and 56.8% stake in Gujarat toll roads portfolio (GRICL), from Macquarie Asia Infrastructure Fund (MAIF).ARTL will acquire 56.8% in GRICL and 100% stake in STPL subject to regulatory approval. The transaction is expected to close in September this year.
Adani Group to acquire Macquarie Asia’s toll road
Adani Group to acquire Macquarie Asia's toll road
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