The majority stake owner of Delhi-Gurgaon Superconnectivity, the company which operates the connecting highway between Delhi and Gurgaon, is now set to change for the second time. National Highways Authority of India (NHAI) Board has approved a proposal allowing IDFC, which was one of the key lenders to DS Construction, to take over 74 per cent stake in the project.
A source said that NHAI has permitted IDFC to take over up to 74 per cent in the project. From NHAIÂ’s perspective, all assets and liabilities of the project will continue to be with the special purpose vehicle. Initially, the project was bid by the JP Group, with DS Construction as the partner. DS Construction had taken over the project from JP Group subsequently.
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