India: IndInfravit acquires Sadbhav’s road assets for about $900m

India: IndInfravit acquires Sadbhav’s road assets for about $900m

Traffic moves along a road in the southern Indian city of Bangalore. Photo: Reuters

IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd for 6,300 crore.