Macquarie Asia Infrastructure Fund owns a 56.8% stake in GRICL, while IL&FS holds 26.8% and the balance stake is with the Gujarat government. GRICL s toll roads are in Gujarat. The Ahmedabad to Mehsana stretch on SH-41 spans 51.6 kms. The second road asset of 31.7 kms from Vadodara to Halol on SH-87 is on the Delhi-Mumbai Industrial Corridor.
Indian shares opened on a positive note Friday, mirroring firm cues from global markets after the U.S. Senate approved a bipartisan deal to address the debt ceiling and implement budget cuts, avoiding a potential U.
In August 2022, Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, said it will acquire a 100% stake in Swarna Tollway Private Ltd (STPL) and a 56.8% stake in Gujarat Road and Infrastructure Company Ltd (GRICL) from Macquarie Asia Infrastructure Fund