Viva Highways Private Limited entered into share purchase agreement to acquire 8.51% stake in Jaora-Nayagaon Toll Road Company Private Limited from PNC Infratech Ltd (BSE:539150) for approximately INR 340 million on December 5, 2015. PNC has approved the transaction to sell 24.42 million shares. The transaction is subject to approval from lenders of Jaora-Nayagaon.

Viva Highways Private Limited completed the acquisition of 8.51% stake in Jaora-Nayagaon Toll Road Company Private Limited from PNC Infratech Ltd (BSE:539150) on January 2, 2016. The transaction has been approved by lenders of Jaora-Nayagaon.