Roadstar Infra Investment Trust Fund managed by Roadstar Infra Private Limited entered into a share purchase agreement to acquire 85.5% stake of Moradabad Bareilly Expressway Limited from IL&FS Transportation Networks Limited (BSE:533177) for approximately INR 3800 million on December 6, 2021. For that INR 3730 million initial consideration and IL&FS Transportation Networks has also assigned debts owned by Moradabad Bareilly Expressway to the company amounting to INR 143 million by executing a Deed of Assignment (DoA) with Axis Trustee Services Ltd and assigning such debts to the Trust against which a consideration of an equivalent amount is to be received in the form of units of the trust subject to certain adjustments. The transaction is expected to be completed by December 31, 2021. RBSA Advisory Pvt. Ltd. acted as valuation advisor to Roadstar Infra Investment Trust.

Roadstar Infra Investment Trust Fund managed by Roadstar Infra Private Limited completed the acquisition of 85.5% stake of Moradabad Bareilly Expressway Limited from IL&FS Transportation Networks Limited (BSE:533177) on December 25, 2021.