MUMBAI: An alternative investment fund set up by the Edelweiss group is acquiring two annuity road assets from Hyderabad-based Navayuga Group for approximately $150 million, two people aware of the development said. “The two road assets that Edelweiss is acquiring are based in the state of Assam and are collectively valued at close to $150 million. GIP’s road assets, totaling 472 route km, have been valued at between ₹4,000 crore and ₹4,250 crore ($600 million) by the bidders, Mint reported. The HC1 portfolio, comprising seven road assets—five toll roads and two annuity roads, is spread across seven states. Another road developer, Sadbhav Infrastructure Project Ltd, has put up 12 operating road assets on sale.

Source: Mint June 10, 2019 15:56 UTC