India: NIIF may acquire part of Ashoka’s road assets

India: NIIF may acquire part of Ashoka’s road assets

Photo: Pixabay

India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), has emerged as the buyer of the hybrid annuity road assets of Ashoka Concessions Ltd for an equity value of around $100 million, said two people aware of the development on condition of anonymity.