TORONTO, Feb 25 (Bernama) — OMERS Infrastructure is proud to announce it has acquired a 22.4% interest in IndInfravit Trust (“IndInfravit”), for a total consideration of INR 8.7 billion (C$160 million).
IndInfravit holds a portfolio of five operational toll road concessions which were initially constructed and operated by L&T Infrastructure Development Projects Limited (“L&T IDPL”), a subsidiary of Larsen & Toubro Limited (“L&T”). The five roads operate in some of the Republic of India’s most economically vibrant states and support the country’s growing economy. IndInfravit is a platform well placed to play a key role in the future through additional investments in the road infrastructure in India.
