“The Ramky Group, which last fortnight sold a controlling stake in a group company to global private-equity major KKR in a landmark deal, has agreed to sell it’s access-controlled road asset NAM Expressway in favour of the Singapore-based toll roads operator Cube Highways for Rs 1,669 crore. The sale proceeds will enable Ramky Infratech to retire a debt of Rs 1,529 crore at the consolidated level,” reported The Economic Times.

Link Legal India Law Services advised Ramky Infrastructure Limited led by a team of Link Legal team comprised of partner K Venkat Satyanarayana, associate partner Apurbalal Mallik, and associate Shruthi Rao D.

AZB & Partners acted for Cube Highways and Infrastructure Pte Limited, with a team of partner Yashwant Mathur, and associates Ambarish Mohanty, Abhyudai Singh, Shridha Malhotra and Sahil Tandon.

2018-09-02

Deal value: Rs 1,669 Crore

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