Further SIPL has sold 7.0% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. SIPL continues to hold 3.0% of units in IndInfravit Trust and will continue as one of the Project Managers for IndInfravit Trust.

The above long term funding and sale of units will help the Company to inter alia meet repayment of all its existing short term debt obligations and to fund the ongoing portfolio of Hybrid Annuity Model (HAM) road assets of the Company. Apart from Allianz GI and AMP who are long term investors, the Company will not have any third party debt except for non-fund based working capital lenders.

The above long term funding and sale of units will help the Company to inter alia meet repayment of all its existing short term debt obligations and to fund the ongoing portfolio of Hybrid Annuity Model (HAM) road assets of the Company. Apart from Allianz GI and AMP who are long term investors, the Company will not have any third party debt except for non-fund based working capital lenders.