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KKR to buy Navayuga Udupi Toll Road for 9240mn
2023-04-17
According to two sources, PE firm KKR has decided to buy a 100% equity position in the Navayuga
Udupi Tollway, a toll road operated by the Navayuga Group with headquarters in Hyderabad, for an
estimated $9240 million.In Karnataka, Navayuga Udupi Tollway is the owner and operator of a 90.1 km road project that is made up of the Kundapur-Surathkal segment, which is 74.8 km long, and the Mangalore-Kerala border part, which is 15.3 km long.
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