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 ..