May 19, 2024 05:01 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Arvind Kejriwal to march with AAP leaders to BJP HQs tomorrow with an 'arrest' dare | Adhir Chowdhury won't decide, he will be axed if he doesn't...': Congress chief Mallikarjun Kharge on alliance with Mamata Banerjee | Swati Maliwal assault case: Arvind Kejriwal's aide Bibhav Kumar arrested by Delhi Police | DK Shivakumar offered me Rs. 100 crore to defame Modi: Arrested BJP leader G Devaraje Gowda on Karnataka sex scandal | Swati Maliwal assault case: New video shows AAP MP escorted out of Arvind Kejriwal's home
Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd
Photo Courtesy: Pixabay

Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd

India Blooms News Service | @indiablooms | 11 Apr 2024, 09:14 pm

Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)

Infrastructure Yield Plus strategy, managed by Edelweiss Alternatives, has completed the acquisition of a 100% stake in L&T Infrastructure Development Projects Limited (L&TIDPL).

L&TIDPL is owned 51% by Larsen & Toubro Limited and 49% by the Canada Pension Plan Investment Board.

The portfolio comprises seven operating roads and one power transmission asset in India, spanning nearly 4,400 lane-km and around 960 ckms respectively.

With this acquisition, the infrastructure platform will scale up to 26 assets, comprising around 5,000 lane-km of roads, approximately 1,800 ckms of power transmission assets and around 813 MWp of renewables with cumulative annual revenue of around INR 3,000 crore

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.

Sreekumar Chatra, Managing Director - Infrastructure Yield Strategy, Edelweiss Alternatives, said, “This acquisition is a significant milestone for our business. These assets have a proven track record of revenues & operations, which are geographically dispersed and have long residual life.”

Subahoo Chordia, Head – Real Assets Strategy, Edelweiss Alternatives, said, “With this acquisition, we will have a high-quality diversified infrastructure portfolio of 26 assets across 13 states, making us a leading infrastructure investor in India.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.