June 10, 2025
Shardul Amarchand Mangaldas & Co. advised PNC Infratech Limited and PNC Infra Holdings Limited on sale of 10 hybrid annuity road assets jointly owned by PNC Infratech Limited and PNC Infra Holdings Limited to KKR-sponsored Highway Infrastructure Trust. The deal was closed on 23 May, 2025 and is valued at approximately US$ 1 Billion.
It is the largest road / highway sector transaction in India involving sale of interests in projects assets developed on a hybrid annuity model.
The transaction team was led by Kushal Sinha, Partner; Dhrupad Pant, Partner; Suryansh Srivastava, Associate; and Abhishek Choudhary, Associate.
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