Dilip Buildcon has recently announced the sale of 24 road assets with a project value of Rs 10,500 crore. The transaction will reportedly be done with Chhatwal Group Trust that runs Shrem in Mumbai. The sale is anticipated to be around Rs 1,600 crore.
Fourteen of the total 24 SPVs to be sold are operational projects, six are HAM projects and four are under construction. Moreover, 49 per cent of the equity share in the Tuljapur-Ausa project will be held by Shrem Infraventure.
Dilip Buildcon has reportedly decided to monetise its entire road asset portfolio, which is the largest in India so it can instead focus on its EPC business.