Brief: PNC Infratech Approves Co Entering Master Securities Purchase Agreement With Highway Infrastructure Trust
15/01/2024 14:25
Jan 15 (Reuters) - PNC Infratech Ltd PNCI.NS :
* APPROVED COMPANY ENTERING INTO MASTER SECURITIES PURCHASE
AGREEMENT WITH HIGHWAY INFRASTRUCTURE TRUST
* CO, UNIT AGREED TO SELL 100% STAKE IN ONE OR MORE TRANCHES
IN
TWELVE SPECIAL PURPOSE VEHICLES TO BUYER
* APPROXIMATE AGGREGATE ENTERPRISE VALUE OF ALL TARGET SPVS
OF
90.06 BILLION RUPEES
Source text for Eikon: ID:nNSE5TpHKz
Further company coverage: PNCI.NS
((reuters.briefs@thomsonreuters.com;))
Recent news on Vertis Infrastructure Trust
See all newsBrief: Vertis Infrastructure Trust Approves Issuance Of Commercial Papers Worth Up To 7 Billion Rupees
KKR-backed Vertis hires three banks for India IPO, to seek approval by December, sources say
Brief: Highways Infrastructure Says Project SPV Executed Concession Agreement With NHAI For Project
Brief: PNC Infratech Approves Co Entering Master Securities Purchase Agreement With Highway Infrastructure Trust
Brief: Highways Infrastructure Trust Approves Issuance Of Non-Convertible Debt Securities Upto 12.25 Billion Rupees