Adani Road Transport calls off plan to acquire Macquarie Asia toll project worth ₹3,110 crore1 min read 01 Jun 2023, 10:30 PM IST
Adani Road Transport has terminated the agreement to acquire Macquarie Asia Infrastructure Fund's toll road in Andhra Pradesh and Gujarat for ₹3,110 crore.
Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises has decided to terminate the agreement to acquire Macquarie Asia Infrastructure Fund's (MAIF) toll road in Andhra Pradesh, Gujarat for ₹3,110 crore. In a filing with the exchanges, the company stated that it had opted to terminate the share purchase agreement because the seller had not met the conditions for closing within the time frame specified in the agreement.
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