Edelweiss-backed Sekura Roads to acquire Thrissur Expressway Ltd.

Edelweiss-backed Sekura Roads is all set to acquire Thrissur Expressway Limited (TEL), the 28-km long road asset owned by KMC Constructions in a deal worth Rs. 800 crore, said multiple people aware of the development. At present, KMC Infratech holds around 90% equity stake in TEL and China Railway 18th Bureau Group Corporation Limited (CR18G) holds the balance 10%.

ET