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IRB, SBI Macquarie may buy full stake in road projects

IRB, SBI Macquarie may buy full stake in road projects

GMR InfrastructureÂ’s Farukhnagar-Jadcherla highway project, Shapoorji-PallonjiÂ’s Ulundurpet-Padalur stretch, and MVR InfraÂ’s Omallur-Salem-Namakkal road project will see a change in ownership soon. New investors have acquired a 74 per cent stake in these projects. Following the Cabinet Committee on Economic Affairs decision to relax exit norms for existing promoters, the new investors will now look to buy the entire stake.