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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.
Infrastructure Yield Plus Strategy, backed by Edelweiss Alternatives, purchased L&T's stake in the JV
Engineering major Larsen & Toubro (L&T) has announced the completion of the divestment of L&T...
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.
Sensex ended 305 pts higher at 73,095 and Nifty rose 76 points to close at 22,198.