India: Dilip Buildcon to sell 24 road assets to Shrem Group for $250m

India: Dilip Buildcon to sell 24 road assets to Shrem Group for $250m

Photographer: Prashanth Vishwanathan/Bloomberg

Infrastructure developer Dilip Buildcon Ltd has signed a term sheet with privately owned family business Chhatwal Group Trust (Shrem Group) to sell its entire stake in 24 of its road projects for Rs1,600 crore, the company said in a filing to stock exchanges.

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