Maple Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Maple Infrastructure Trust (MIT) has completed the acquisition of 100% equity share capital of five special purpose vehicles (SPVs) from Ashoka Concessions Limited and its group entities, effective November 26, 2025. The five SPVs operate toll road assets totalling over 2,100 lane kilometres across West Bengal, Odisha, Karnataka, Maharashtra, and Chhattisgarh, including stretches on the Golden Quadrilateral and the East–West Corridor. With this deal, Maple's portfolio grows from 2 assets (1,212 lane km) to 7 assets (3,328 lane km), a jump of more than 1.7 times. The transaction was originally signed on October 30, 2024, and follows several interim updates through 2025. MIT maintains an AAA/Stable rating from ICRA and is sponsored by Maple Highways Pte. Ltd. (Singapore).
This is a significant portfolio expansion for Maple, materially boosting its operating asset base and likely future distribution capacity for unitholders. The move strengthens geographic and corridor diversification, which should support stable, long-term cash flows, though integration risk and additional debt for the acquisition will be key things to watch.