The country’s sovereign-backed National Investment and Infrastructure Fund (NIIF) has planned to sell its maiden portfolio of five road projects, with a total worth of around Rs 10,000 crore or $1.2 billion on an enterprise value foundation. J P Morgan, an investment bank, has been appointed by the fund to oversee the sale process for the road portfolio. This represents one of the most substantial road portfolios, in terms of value, to come to the market in recent times. These operational road assets are held under Athaang Infrastructure, a company sponsored by NIIF's Master Fund. Athaang possesses five properties with a combined road length of over 230 km spanning across North and South India.
📅Published on:
20 October 2023
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