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VRCL have signed a Definitive Agreements with the TRIL Roads (TRPL) to divest its stake in Salem Tollways (STL), Kumarapalayam Tollways (KTL) and IVRCL Chengapally Tollways (ICTL) with the total project cost of Rs 2,200 crore. The company has taken this step as part of its Strategic Business Plan to monetize its BOT Assets. The total deal consideration shall be realized upon satisfaction of certain agreement related conditions and upon NHAI and lenders approvals.
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