Why Edelweiss’ Sekura is paying nearly 50% more for three-year-old road deal

By Aman Malik

  • 20 Oct 2023
Pro
Credit: Reuters

Sekura Roads, the highways platform of Edelweiss Infrastructure Yield Plus fund, is set to pay substantially more for a road asset in the northeastern state of Meghalaya than it had agreed to shell out three years ago.  Sekura Roads has signed a revised agreement to acquire the Jorabat Shillong Expressway Ltd (JSEL) from the scam-hit IL&FS Transportation for an enterprise value, which includes ......

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