STOCK MARKET BSE NSE

MSIF invests $150 million in Ashoka arm

Published: 14th August 2012 09:32 AM  |   Last Updated: 14th August 2012 09:32 AM   |  A+A-

In its first deal in the roads & highways segment, Macquarie-SBI Infrastructure Fund (MSIF) has invested $150 million in the portfolio of projects held by Ashoka Concessions Ltd, an outfit of Ashoka Buildcon.

The seven toll roads portfolio held in Ashoka Concessions is approximately 630 km and represents a balanced mix of operating and under construction toll roads. Of the seven roads, six are part of the national highway network and one is a state road. The  $150 million investment will be used to develop the under construction road projects in ACL.

Ashoka Buildcon currently owns and operates 20 road projects on a public private partnership basis. The MSIFfunding  will help Ashoka Buildcon meet equity commitment for its projects under development.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp