L&T to sell 8 roads, transmission project to Edelweiss fund for Rs. 7000 crore.

Engineering giant Larsen & Toubro (L&T) is selling its eight operational road assets that the company built and operated to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, for an enterprise valuation of Rs. 7,000 crore, said people aware of the matter. The transaction, yet to be made public, was signed earlier this month and is awaiting regulatory approvals from the National Highways Authority of India (NHAI) and the Securities and Exchange Board of India (Sebi), they added.

ET