A host of private equity and infrastructure investment firms are in the race to buy nine highway projects put on the block by Sydney-based Macquarie Group.
Cube Highways, Sekura Infrastructure Fund of Edelweiss Group, and private equity firms Actis and KKR have expressed their initial interest in buying the projects, which could cost as much as $1 billion.
The 680-km projects are in Andhra Pradesh and Gujarat, said a banker. "The talks are in the preliminary stage, and Macquarie is in talks with potential buyers," said the banker. "Due to tightening interest rates in India and the slowdown in traffic due to Covid-19 pandemic, the road assets are not getting a good valuation," the banker said.
Denne historien er fra April 17, 2023-utgaven av Business Standard.
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Denne historien er fra April 17, 2023-utgaven av Business Standard.
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Loser takes all
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India, UK navies to develop electric propulsion for next-gen warships
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India backs Iskcon, tells Bangladesh to protect minorities
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Arpu gains, lower capex augur well for Airtel
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Margin moderation may cap upsides for Colgate
After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.
