KUALA LUMPUR: IJM Corp Bhd has set up an indirect wholly-owned subsidiary, IJM Dewas (Mauritius) Ltd, as the vehicle to invest up to 74% in a highway concessionaire in India.
In a filing with Bursa Malaysia yesterday, IJM said IJM Dewas (Mauritius) would take the stake in Dewas Bypass Tollway Pte Ltd, which will carry out the project to widen and upgrade the 19.8 km Dewas bypass road in Madhya Pradesh, India.
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