Neo Infra to buy road projects worth Rs 1,500 crore from CDS Infra
Neo Infrastructure Income Opportunities Fund (NIIOF), The Neo Infrastructure Income Opportunities Fund (NIIOF) has informed of signing a definitive share purchase agreement with CDS Infra Projects Ltd (CDS) to completely acquire two operational road assets under NHAI’s Hybrid Annuity Model (HAM).
The deal is done for around Rs 1,500 crore and involves projects that are part of the 669 km 4-lane greenfield Delhi-Amritsar-Katra Expressway that is being built to connect Delhi to Katra (near Vaishno Devi) in Jammu & Kashmir with a spur leading to Amritsar.
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