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Private equity investor Actis eyes Patel Infra's 4 roads
2023-05-09
According to two persons with knowledge of the situation, private equity fund Actis and infrastructure developer Patel Infrastructure Ltd. are in advanced talks about Actis purchasing a portfolio of four hybrid annuity model (HAM) roads from the company.
The portfolio of four road assets consists of two operational roads, the 48.8 km part of NH-12 in Rajasthan and the 31 km segment of the Vadodara Kim Motorway, as well as two under-construction projects, the 50.48 km piece of NH-45C in Tamil Nadu and the additional 47.83 km section of NH-45C.
Six operating road assets were purchased from Welspun Enterprises by Actis Long Life Infrastructure Fund last year for a business valuation of around 60,000 million.
According to the second source, Actis also intends to create an InvIT to host these road projects.
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