IndInfravit Trust - Outcome of Board Meeting

20 Oct 2022 , 12:00 AM

IndInfravit Trust has informed the Exchange about Board Meeting held on 19-Oct-2022 to consider Other business matters.The Board of Directors of the LTIDPL IndvIT Services Limited, the Investment Manager (???IM???) of IndInfravit Trust (the Trust) at its meeting held on October 19, 2022 considered and approved the following matters:1. the proposed acquisition of 100% of the paid up equity share capital of Sadbhav PIMA Private Limited (SPPL) by the Trust from Sadbhav Infrastructure Project Limited.2. the proposed change in control of the project manager (i.e. Sadbhav PIMA Private Limited) for eight Special Purpose Vehicles (SPVs) under IndInfravit Trust, from the Seller to the Trust consequent to the PM Acquisition; 3. the proposed subscription to 1% of the issued and paid up share capital of MBHPL by SPPL & sale of 9% stake of MBHPL by the Trust to SPPL.4. the proposed subscription to 1% of the issued and paid up share capital of DPTPL and sale of 9% of the stake of DPTPL by the Trust to SPPL.5. the proposed sale of 10% of the stake in NSEPL by the Trust to SPPL.