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Clutch of funds in race for NIIF's USD 1.2 bn roads portfolio, ET Auto indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Global infrastructure majors signing the Non-Disclosure Agreement (NDA) include Spanish company Abertis, French road developer VINCI Highways, PE fund KKR and two Canadian funds - CDPQ, Canada Pension Plan Investment Board (CPPIB). A road operator from South Korea is also interested and signed the NDA but its name could not be independently ascertained yet. ....
It is claim that JP Morgan, an investment firm, has been hired by the NIIF to supervise the sale of this road portfolio, , roads, economy, jp morgan ....
The key among these are two highways in Jammu and Kashmir acquired separately by the fund in 2022. The 16.3-kilometre Qazigund Banihal Expressway was acquired from Navayuga Engineering in July 2022 for $380 million (Rs 3,163 crore). Meanwhile, the 64.5-kilometre Jammu Udhampur Highway was acquired by Athaang in August 2022 from Shapoorji Pallonji Group for $290 million (Rs 2,414 crore). ....