India Infrastructure Fund II, which is managed by IDFC Alternatives is acquiring the entire stake held by each of NCC Infrastructure Holdings and Soma Enterprise in Bangalore Elevated Tollway Limited, for 750 Crores..Trilegal acted for India Infrastructure Fund with a team led Delhi Partners Saurabh Bhasin and Yogesh Singh along with Counsel Ravi Mahto, Senior Associates Tanya Mehta and Amar Narula and Associate Astha Srivastava..Tatva Legal advised BETL and NCC Infrastructure with a team led by Hyderabad Partner Ekta Bahl along with Manager Pratyush Singh..NCC Ltd and Soma hold 38 per cent stake each in the highway project which became operational in April 2010 and cost Rs 765 crore. Infrastructure Leasing and Financial Services Ltd (IL&FS) is the other partner in the project, reports VCCircle.
India Infrastructure Fund II, which is managed by IDFC Alternatives is acquiring the entire stake held by each of NCC Infrastructure Holdings and Soma Enterprise in Bangalore Elevated Tollway Limited, for 750 Crores..Trilegal acted for India Infrastructure Fund with a team led Delhi Partners Saurabh Bhasin and Yogesh Singh along with Counsel Ravi Mahto, Senior Associates Tanya Mehta and Amar Narula and Associate Astha Srivastava..Tatva Legal advised BETL and NCC Infrastructure with a team led by Hyderabad Partner Ekta Bahl along with Manager Pratyush Singh..NCC Ltd and Soma hold 38 per cent stake each in the highway project which became operational in April 2010 and cost Rs 765 crore. Infrastructure Leasing and Financial Services Ltd (IL&FS) is the other partner in the project, reports VCCircle.