Since 1st June 2022, #2 M&A transactions in Roads sector have been mentioned in media. The Actis-Welspun Road deal 9th June, 2022 The UK based global investor Actis, marks its first road sector investment in India, by acquiring #6 operating highway toll road projects in India from Welspun Enterprises Limited (WEL) for an aggregate Enterprise Value of $775 mn (₹60 billion). The portfolio comprises of #5 hybrid annuity model (HAM) assets & #1 build–operate–transfer (BOT) Toll asset. These assets are located strategically across India.
NIIF to acquire Ashoka Buildcon toll road company (Source: Reported in Indian media) National Investment and Infrastructure Fund (NIIF) in talks to acquire Jaora-Nayagaon Toll Road Company (JNTRC) owned by Ashoka Buildcon (74% share) and Macquarie India (26% share). JNTRC operates 120 km Jaora-Nayagaon section, SH-31 (erstwhile NH-79) valued at Rs 10 billion (approx.). The talks are in final stages and is expected that the deal could be signed in a month. This asset will be bought via Athaang Infrastructure which is a road platform created by NIIF Master Fund. Athaang Infrastructure is a proprietary roads platform incubated by NIIF.
Since 1st June 2022, #2 M&A transactions in Roads sector have been mentioned in media.
The Actis-Welspun Road deal
9th June, 2022
The UK based global investor Actis, marks its first road sector investment in India, by acquiring #6 operating highway toll road projects in India from Welspun Enterprises Limited (WEL) for an aggregate Enterprise Value of $775 mn (₹60 billion).
The portfolio comprises of #5 hybrid annuity model (HAM) assets & #1 build–operate–transfer (BOT) Toll asset. These assets are located strategically across India.
NIIF to acquire Ashoka Buildcon toll road company
(Source: Reported in Indian media)
National Investment and Infrastructure Fund (NIIF) in talks to acquire Jaora-Nayagaon Toll Road Company (JNTRC) owned by Ashoka Buildcon (74% share) and Macquarie India (26% share). JNTRC operates 120 km Jaora-Nayagaon section, SH-31 (erstwhile NH-79) valued at Rs 10 billion (approx.).
The talks are in final stages and is expected that the deal could be signed in a month. This asset will be bought via Athaang Infrastructure which is a road platform created by NIIF Master Fund. Athaang Infrastructure is a proprietary roads platform incubated by NIIF.