Welspun Enterprises Limited (BSE:532553) agreed to acquire 49% stake in two NHAI Hybrid Annuity model projects from MBL Infrastructures Limited (BSE:533152) for INR 230 million on July 24, 2017. Welspun Enterprises Limited has an option to acquire 51% stake in these two NHAI Hybrid Annuity model projects. Welspun Enterprises Limited will be the sponsor to the two NHAI Hybrid Annuity model projects. The deal is subject to necessary approvals and statutory compliances.

Welspun Enterprises Limited (BSE:532553) completed the acquisition of 49% stake in two NHAI Hybrid Annuity model projects from MBL Infrastructures Limited (BSE:533152) on January 19, 2018.