Adani Road Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), on August 16 announced that it is acquiring 49 percent stake of Maharashtra Border Check Post Network Ltd (MBCPNL) at an Enterprise Value of Rs 1,680 crore. ARTL is in agreement with MBCPNL for this.
Apart from the above acquisition, ARTL has an option to acquire additional stake of MBCPNL — which is a subsidiary of Sadbhav Infrastructure Project Limited (SIPL) — subject to regulatory approval.
“India has made tremendous progress in building its road network and interlinking the nation, an essential contributing factor in economic development,” ARTL CEO Krishna Prakash Maheshwari said on acquisition of MBCPNL’s stake.
“As the nation’s largest infrastructure player, the Adani Group’s drive to create a world class portfolio of road networks is aligned with our mission to become India’s largest road infrastructure owner and operator. The multibillion-dollar profile of road assets we are executing across India encompasses a variety of business models including Hybrid Annuity Mode (HAM), Toll-Operate-Transfer(TOT), Build-Operate-Transfer (BOT) and a service fee based network,” he added.

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