Vishvaraj Infrastructure Ltd entered into a share purchase agreement to acquire 35% stake in Warora Chandrapur Ballarpur Toll Road Company Limited from IL&FS Transportation Networks Limited (BSE:533177) for approximately INR 120 million on October 7, 2021. Warora Chandrapur Ballarpur Toll Road reported profit before tax as INR 70.1 million for the period 2017-18. The transaction is subject to receipt of various approvals including from National Company Law Tribunal and Government of Maharashtra. The transaction is expected to complete on January 31, 2022.

Vishvaraj Infrastructure Ltd completed the acquisition of 35% stake in Warora Chandrapur Ballarpur Toll Road Company Limited from IL&FS Transportation Networks Limited (BSE:533177) on February 2, 2022.