Macquarie, Ashoka Buildcon seek buyers for $2 billion roads business1 min read . Updated: 05 Sep 2019, 10:50 PM IST
- A formal process to sell the roads business was launched recently and EY is said to be managing the sale of the portfolio
- In 2012, along with SBI, Macquarie, through its first India-focused fund, purchased a 34% stake in Ashoka Concessions for ₹800 crore
Infrastructure developer Ashoka Buildcon and Macquarie Infrastructure and Real Assets (MIRA), one of the biggest foreign infrastructure investors in India, are seeking buyers for their $2 billion roads portfolio, Ashoka Concessions Ltd, said two people aware of the development, requesting anonymity.
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