The deal involves HCC Group selling 100% stake in Farakka Raiganj Highways Limited to Cube HighwaysFRHL operates a ~100 km long four-lane national highway in the state of West Bengal on toll-basis. This deal will be the first road asset closure amid the global pandemic and the on-going uncertainty around traffic on toll road assets. It is a combination of structures used for the first time in roads sector to enable future payouts. This deal further strengthens Edelweiss IB’s infrastructure franchise and once again demonstrates our ability to close marquee deals for quality clients, independent of market environment.
Edelweiss Financial Services
Advised in the sale of
HCC Group (HCC Concessions Limited; toll road assets)
to