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This acquisition is in line with the infrastructure yield strategy to generate regular distributions for investors by acquiring quality operating infrastructure assets with strong cash flows and unlocking value through active asset management, the company said in a statement.
Edelweiss Alternatives has completed a Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), a joint venture owned by L&T and Canada Pension Plan Investment Board. The acquisition will give Edelweiss 100% ownership in the joint venture, which will include seven road assets and a 960 circuit km power transmission line.
Portfolio of the target company comprises eight roads and one power transmission asset