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| Exchange Received Time 30/03/2017 12:44:22 Exchange Disseminated Time 30/03/2017 12:44:25 Time Taken 00:00:03 | | We are pleased to inform you that the Concessionary Company 'DBL Tuljapur Ausa Highways Limited' (SPV) has been incorporated for the Road Project of 'four laning Tuljapur - Ausa (including Tuliapur Bypass) Road Project Section of NH-361 from Km 0.000 to km 55.835 under NHDP Phase IV on Hybrid Annuity Mode in the State of Maharashtra' at bid Project cost of Rs. 911.07 crores (the 'Project'). We wish to inform you that Shrem Infraventure Private Limited (the Investor) will invest 49% of the Equity Share Capital in the SPV and that the Company will hold the remaining 51% stake in said SPV. Further we wish to inform you that on completion of two years from the Commercial Operation date of the said Project, the Investor will acquire 100% stake of the SPV i.e. 51% stake held by Dilip Buildcon Limited will also be acquired by the Investor and the Company will hand over the Project to the Investor for operation |
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