AZB & Partners advised Cintra, a subsidiary of Ferrovial, on the sale of road asset SPVs by IRB Infrastructure Trust
The leading law firm in India, AZB & Partners advised Cintra, a subsidiary of Ferrovial, Spain, and its affiliates in relation to the sale of three SPVs holding road assets by IRB Infrastructure Trust, a privately listed InvIT, to IRB InvIT Fund, a publicly listed InvIT. Cintra is a unitholder in IRB Infrastructure Trust and a shareholder of the investment manager of IRB Infrastructure Trust. The collective enterprise value of the three SPVs was approximately INR 84,360 million.
The transaction was a first of its kind, being the first sale of assets from a privately listed InvIT to a publicly listed InvIT.
The AZB & Partners team was led by Janhavi Seksaria (Partner), with support from Mrudul Desai (Senior Associate), Ishika Neotia (Associate), and Rachit Pathoi (Associate).
Click to know more about AZB & Partners
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.