Exclusive Financial Advisor to HCC Concessions Ltd. for sale of Baharampore Farakka Highways Ltd.

Merger & Acquisition

Service

March 2023

Date

Infrastructure

Sector

INR 9,410 MN

Deal Value

Exclusive Financial Advisor to HCC Concessions Ltd. for sale of Baharampore Farakka Highways Ltd.

Deal Highlights:

  • HCC Group sold 100% stake in Baharampore Farakka Highways Ltd (BFHL) to Cube Highways and Infrastructure V Pte. Ltd. (Cube Highways) for an enterprise value of INR 13,230 m
  • Apart from the equity valuation of INR 6,770 m, HCC is entitled to an additional earnout of maximum INR 2,640 m contingent on traffic performance, payable by Q3 FY’24 and Q1 FY’25 in 2 tranches
  • We assisted HCC in closing the transaction through effective deal structuring and negotiations to ensure value maximization

About HCC Concessions Ltd.:

  • HCC Concessions Ltd., a subsidiary of HCC Limited, is a leading developer in transport infrastructure concessions
  • BFHL is a subsidiary of HCC Concessions which operates a DBFOT Toll project between Baharampore and Farakka section of NH 12 in the State of West Bengal
  • The 101 km highway connects Kolkata and port of Haldia to North Bengal and North Eastern states of India