Dedicated growth vehicle and access to a strong pipeline of ROFO Assets and other future growth opportunities.
Large and diversified portfolio of highway assets.
Differentiated and proven M&A capabilities.
Strong portfolio construction capabilities.
Advanced asset management and maintenance expertise
Strong corporate finance capabilities.
Experienced leadership and institutional backing.
Attractive sector fundamentals with a favourable policy environment.
If the company fails to receive or comply with the terms of the consents issued by the lenders and regulatory authorities for the transfer of the Proposed Portfolio Assets to the Trust or are not successful in integrating these assets or fails to realize the anticipated benefits of the acquisition of such assets, the company's business, financial condition, results of operations and cash flows may be adversely affected.
The company may not be able to make regular distributions to Unitholders, or the level of its distributions may fall.
A significant portion of the company's revenue from operations is dependent on annuity payments from the NHAI, which may be delayed, disputed or reduced, which could adversely affect its business, results of operations, financial condition and cash flows.
The company's failures to extend concession agreements or inability to identify and acquire new road assets that generate comparable or higher revenue from operations, profits and cash flows than the Portfolio Assets may have an adverse effect on the company's business, financial condition, results of operations, cash flows and its ability to make distributions to Unitholders.
The company's toll collections and traffic volumes are subject to uncertainties, including competing roads, exemptions, toll leakage, changes in vehicle mix, and government directives, which could adversely affect its business, results of operations, financial condition and cash flows.
The company's concession agreements may be terminated prematurely or suspended by concessioning authorities upon the occurrence of certain events of default.
The company's revenue from operations are significantly concentrated in a few corridors and geographies, and any adverse development in these regions could adversely affect its business, results of operations, financial condition and ability to make distributions to Unitholders.
The company's concession agreements contain mandatory capacity augmentation and major maintenance obligations, which could increase its costs and reduce traffic during works, thereby adversely affecting the company's business, results of operations, financial condition and cash flows.
The company's ability to refinance its debt and maintain access to long-term funding is crucial to the company's business, and adverse conditions in the debt markets, regulatory restrictions or downgrades in our credit ratings could adversely affect its liquidity and consequently the company's business, results of operations, financial condition and ability to make distributions.
The company has incurred losses aggregating to Rs.260.36 million for the six months ended September 30, 2024, Rs.357.20 million, Rs.7,059.15 million and Rs.277.88 million for the Financial Years 2025, 2024 and 2023, respectively and may continue to incur losses in future periods, which could adversely affect its business, cash flows and financial condition.
