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Jio Financial Services reported a 56% sequential fall in consolidated net profit for the quarter ended December to Rs 294 crore. Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 414 crore. ....
PNC Infratech and PNC Infra Holdings, a wholly owned subsidiary of PNC Infratech had executed definitive agreements to sell equity stake in 12 road assets to Highways Infrastructure Trust for an enterprise value of Rs 9,005.7 crore. The road assets are in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan. ....
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) controlled by private equity firm KKR & Co., has signed a deal to acquire 12 highway assets .. ....
Yogesh Jain, MD, PNC Infratech Limited, described it as one of the most substantial transactions in terms of value within the Indian roads sector. ....