Adani Road Transport to acquire Swarna Tollway Private and a 56.8% stake in Gujarat Road and Infrastructure Company, from Macquarie Group for $394m.

Adani Road Transport, a subsidiary of Adani Group, to acquire Swarna Tollway Private, a transportation infrastructure company, and a 56.8% stake in Gujarat Road and Infrastructure Company, a transportation infrastructure company, from Macquarie Group, global financial services group, for $394m. “ARTL is committed to the Adani Group’s nation building initiative with a portfolio of more than 5k lane km of highway projects under construction / operation. This is one of the largest portfolios of toll road assets with high quality, strong team, long and robust track record of growth and strong cash flow generation with low leverage. We would like to thank Macquarie Asset Management for the support they have provided to the growth of the portfolio and having developed a robust operating team who we welcome to the Adani family,” Krishna Prakash Maheshwari, ARTL CEO.