Welspun Enterprises update on divestment of Rs 9049 cr completed highway projects to Actis

The Cumulative Enterprise Value (Enterprise Value) value for the entire transaction stands at Rs 5,853 crore after considering the net current assets and other closing parameters. The Completed Highway Portfolio as on the date of First Closing has outstanding senior debt of Rs 3,544 crore including undisbursed debt of Rs 59 crore in BOT-Toll asset. It may be noted that the aforesaid EV excludes construction linked milestone/ grant payments of approximately amounts equivalent to Rs 2,929 crore already received and an amount of Rs 267 crore further receivable from NHAI and PWD. Hence, the value of the Completed Highway Portfolio stands

at approximately Rs 9,049 crore.