Asset Acquisition - India Roads Monitor

Vinci Highways set to acquire Macquarie’s India road assets for Rs 150 billion

March 27, 2026 | Asset Acquisition, Finance

VINCI Highways has agreed to acquire Macquarie Asset Management’s (MAM) India Toll‑Operate‑Transfer (ToT) road assets for an enterprise value of about Rs 150 billion (around $1.6 billion).

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Macquarie eyes up to $350 million stake in CDPQ’s Maple InvIT

March 18, 2026 | Asset Acquisition, Finance

Macquarie Asset Management is nearing a deal to acquire a significant stake in Maple Infrastructure Trust, a roads-focused infrastructure investment trust (InvIT) sponsored by CDPQ.

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NHAI approves NHIT’s Rs 62.21 billion bid for highway monetisation

February 19, 2026 | Asset Acquisition, Finance

The National Highways Authority of India (NHAI) has accepted an offer from National Highways Infra Trust (NHIT) worth Rs 62.20 billion to monetise two key highway assets totaling 310.35 km across Maharashtra and Andhra Pradesh.

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RIIT secures concession for five key national highway projects for Rs 95 billion

February 10, 2026 | Asset Acquisition, Finance

The National Highways Authority of India (NHAI) has accepted the offer of Raajmarg Infra Investment Trust (RIIT) of Rs 95 billion for the monetisation of five road assets spanning over 260 km across four states.

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IRB completes Rs 12 billion Gandeva-Ena highway acquisition

February 4, 2026 | Asset Acquisition, Finance

IRB Infrastructure Developers has finalised the acquisition of Gandeva-Ena (VM7) hybrid-annuity-model (HAM) highway asset, valued at approximately Rs 12 billion, through its IRB infrastructure investment trust (InvIT) Fund.

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IRB Infra InvIT raises Rs 32.48 billion to fund asset acquisition

October 16, 2025 | Asset Acquisition, Finance

IRB InvIT Fund, the first listed infrastructure investment trust (InvIT) in India, has raised Rs 32.48 billion through an institutional placement.

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Galfar Engineering plans to sell highway asset spanning 154 km in Rajasthan

October 10, 2025 | Asset Acquisition, Finance

Reportedly, Galfar Engineering and Contracting is planning to sell its eight-year-old highway asset spanning 154 km in Rajasthan.

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Macquarie attracts multiple investors for TOT bundle sale

October 10, 2025 | Asset Acquisition, Finance

Macquarie has attracted interest from several investors for the toll-operate-transfer (TOT) bundle it plans to monetise. Interested parties include Vertis Infrastructure Investment Trust, Cube Highways, Maple Infrastructure Trust, IRB, and IRB Infrastructure Trust, among others.

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Ashoka Buildcon acquires majority stake worth Rs 1.66 billion in JTCL

October 1, 2025 | Asset Acquisition, Finance

Ashoka Buildcon has completed the acquisition of 26 per cent stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for Rs 1.66 billion.

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Macquarie starts sale of its largest road portfolio in India

September 16, 2025 | Asset Acquisition, Finance

The sale of Macquarie Asset Management’s (MAM) largest road portfolio in India has formally begun, with an enterprise value of approximately Rs 100 billion being pursued.

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Centre aims to mobilise Rs 300 billion through asset monetisation in 2025-26

August 22, 2025 | Asset Acquisition, Finance

The Ministry of Road Transport and Highways aims to raise Rs 300 billion through asset monetisation in 2025-26.

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GIC to invest around Rs 10-12 billion in IRB Invit Fund to acquire road assets

August 20, 2025 | Asset Acquisition, Finance

The IRB infrastructure investment trust (InvIT) Fund, sponsored by the IRB Infrastructure, is expected to receive an investment of approximately Rs 10-12 billion from Singapore’s sovereign wealth fund, GIC.

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Cube Highways Trust acquires two road assets worth Rs 41.85 billion

June 13, 2025 | Asset Acquisition, Finance

The National Infrastructure Investment Fund (NIIF) has sold two road assets in Jammu and Kashmir to Cube Highways Trust for a total enterprise value of Rs 41.85 billion.

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IRB board approves transfer of three road assets worth Rs 84.50 billion to IRB InvIT fund

June 2, 2025 | Asset Acquisition, Finance

The IRB Infrastructure and Developers board has approved the proposal to move three IRB Infrastructure Trust road assets to the IRB InvIT fund.

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Cube Highway acquires NAM Expressway in Andhra Pradesh

March 6, 2025 | Asset Acquisition, Finance

Cube Highways Trust has acquired 100 per cent equity for Rs 7,176 million in Narketpally-Addanki-Medarametla Four Laning Highway Project (SH-2) (NAM Expressway).

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Cube Highways InvIT acquires two road assets from NIIF worth Rs 41.84 billion

February 10, 2025 | Asset Acquisition, Finance

Cube Highways Infrastructure Investment Trust (InvIT) has entered into a share purchase agreements (SPA) with the National Investment and Infrastructure Fund Limited (NIIF) for the acquisition of two road assets valued at Rs 41.84 billion.

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PNC Infratech secures NHAI approval to transfer two additional road assets to HIT

January 22, 2025 | Asset Acquisition, Finance, Other Developments

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CCI gives nod to ABL to acquire 34 per cent stake in ACL

January 17, 2025 | Asset Acquisition, Finance

The Competition Commission of India (CCI) has approved Ashoka Buildcon’s plan to acquire the 34 per cent stake in Ashoka Concessions Limited (ACL).

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KKR and OTPP to infuse Rs 50-60 billion into Highways Infrastructure Trust for major road acquisitions

December 20, 2024 | Asset Acquisition, Finance

KKR and Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) are set to invest Rs 50-60 billion (approximately $700 million) in Highways Infrastructure Trust (HIT).

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PNC Infratech secures NHAI approval to transfer Rs 90.05 billion road assets to Highways Infra Trust

November 22, 2024 | Asset Acquisition, Finance

PNC Infratech has received the NHAI approval to transfer its 100 per cent stake in three subsidiaries to Highways Infrastructure Trust (HIT), an InvIT controlled by KKR & Co Inc.

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Category: Asset Acquisition

Vinci Highways set to acquire Macquarie’s India road assets for Rs 150 billion

Macquarie eyes up to $350 million stake in CDPQ’s Maple InvIT

NHAI approves NHIT’s Rs 62.21 billion bid for highway monetisation

RIIT secures concession for five key national highway projects for Rs 95 billion

IRB completes Rs 12 billion Gandeva-Ena highway acquisition

IRB Infra InvIT raises Rs 32.48 billion to fund asset acquisition

Galfar Engineering plans to sell highway asset spanning 154 km in Rajasthan

Macquarie attracts multiple investors for TOT bundle sale

Ashoka Buildcon acquires majority stake worth Rs 1.66 billion in JTCL

Macquarie starts sale of its largest road portfolio in India

Centre aims to mobilise Rs 300 billion through asset monetisation in 2025-26

GIC to invest around Rs 10-12 billion in IRB Invit Fund to acquire road assets

Cube Highways Trust acquires two road assets worth Rs 41.85 billion

IRB board approves transfer of three road assets worth Rs 84.50 billion to IRB InvIT fund

Cube Highway acquires NAM Expressway in Andhra Pradesh

Cube Highways InvIT acquires two road assets from NIIF worth Rs 41.84 billion

PNC Infratech secures NHAI approval to transfer two additional road assets to HIT

CCI gives nod to ABL to acquire 34 per cent stake in ACL

KKR and OTPP to infuse Rs 50-60 billion into Highways Infrastructure Trust for major road acquisitions

PNC Infratech secures NHAI approval to transfer Rs 90.05 billion road assets to Highways Infra Trust

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