Edelweiss Alternatives Acquires L&T Infrastructure Development Projects
The Infrastructure Yield Plus strategy, backed by Edelweiss Alternatives, has finalized the acquisition of L&T Infrastructure Development Projects Ltd (L&TIDPL). The portfolio includes seven operational roads and one power transmission asset in India.
The acquisition involves obtaining a 100% stake in L&TIDPL, previously held with Larsen & Toubro owning 51% and Canada Pension Plan Investment Board (CPP Investments) holding the remaining 49%.
Following this deal, the infrastructure platform expands to encompass 26 assets, comprising 5,000 lane-km of roads, 1,800 ckm of power transmission assets, and 813 MWp of renewables, generating a cumulative annual revenue of ₹3,000 crore.
The acquisition involves obtaining a 100% stake in L&TIDPL, previously held with Larsen & Toubro owning 51% and Canada Pension Plan Investment Board (CPP Investments) holding the remaining 49%.
Following this deal, the infrastructure platform expands to encompass 26 assets, comprising 5,000 lane-km of roads, 1,800 ckm of power transmission assets, and 813 MWp of renewables, generating a cumulative annual revenue of ₹3,000 crore.