Shardul Amarchand Mangaldas & Co. advises Navayuga Group for sale of their stake in Navayuga Quazigund Expressway Private Limited to National Investment and Infrastructure Fund
Shardul Amarchand Mangaldas & Co. advised Navayuga Group for sale of their stake in Navayuga Quazigund Expressway Private Limited (“Company”) to National Investment and Infrastructure Fund (“NIIF”). The deal was signed on 7 July, 2022.
The Company is engaged in designing, rehabilitation, strengthening, four laning, operation and maintenance of the Quazigund to Banihal section of national highway number 44 in the union territory of Jammu and Kashmir from chainage 189.350 km to 205.618 km, including construction of two tunnels (two lanes) of 8.45 kms each, total length being 16.268 km, respectively, on design, build, finance, operate and transfer on annuity basis in the union territory of Jammu and Kashmir Pradesh in accordance with the concession granted by the National Highways Authority of India (“NHAI”).
