AZB & Partners Advised Cintra, A Subsidiary Of Ferrovial, On The Sale Of Road Asset SPVs By IRB Infrastructure Trust

AZB & Partners advised Cintra, a subsidiary of Ferrovial, on the sale of road asset SPVs by IRB Infrastructure Trust

The leading law firm in India, AZB & Partners advised Cintra, a subsidiary of Ferrovial, Spain, and its affiliates in relation to the sale of three SPVs holding road assets by IRB Infrastructure Trust, a privately listed InvIT, to IRB InvIT Fund, a publicly listed InvIT. Cintra is a unitholder in IRB Infrastructure Trust and a shareholder of the investment manager of IRB Infrastructure Trust. The collective enterprise value of the three SPVs was approximately INR 84,360 million.

The transaction was a first of its kind, being the first sale of assets from a privately listed InvIT to a publicly listed InvIT.

The AZB & Partners team was led by Janhavi Seksaria (Partner), with support from Mrudul Desai (Senior Associate), Ishika Neotia (Associate), and Rachit Pathoi (Associate).

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