MDEPLMary D Edwards Public Library (West Willington, CT)
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Kolkata-based infrastructure and construction company Simplex Infrastructures Ltd has decided to acquire balance 49 per cent equity stake in special purpose vehicle Maa Durga Expressways Pvt Ltd (MDEPL) for approximately Rs 4.9 crore from Gammon Infrastructure Projects Ltd (GIPL), as per to a stock market disclosure.
Simplex Infrastructures at present possesses 51 per cent equity stake in MDEPL through its subsidiary Simplex Infra Development Ltd (SIDL).
The transaction will be performed in one or more tranches, pursuant to the termination agreement between MDEPL, GIPL and the company.