KKR to acquire GIP's highway business

06 Jul 2021 CW Team

Global investment company KKR & Co Inc is set to acquire Global Infrastructure Partners' (GIP's) complete portfolio in Highway Concessions One (HC1) and seven highway assets with an entire length of 478 km.

HC1 is a road platform in India that leads the road portfolio of GIP.

These projects spread across seven states, Madhya Pradesh, Meghalaya, Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Telangana.

It is KKR’s first investment in the transport sector in Asia. Through this acquisition, KKR intends to develop and strengthen the National Highway network of India, which serves nearly 40% of total traffic. However, it estimates only 2% of the country's road network.

KKR told the media that it made its investment from the KKR Asia Pacific Infrastructure Fund. It is the third investment of KKR in India from the fund and the first in the transport sector of Asia.

New infrastructure investments in India consists of Virescent Infrastructure, a renewable energy firm, and India Grid Trust (IndiGrid), an infrastructure investment trust. EY and Deloitte served as advisors, while AZB & Partners and Simpson Thacher & Bartlett served as legal advisors to KKR.

Wipro sold its stake worth nearly $76.24 million in hybrid IT services provider Ensono Holdings to KKR.

In March 2018, Wipro acquired a 10.2% stake in an Illinois-headquartered company, an investment of $55 million.

When Wipro sold its hosted data centre business to Ensono for a consideration of $405 million, it signed a long-term cooperation agreement with the company.

As part of the agreement, Wipro gave 900 employees to Ensono and sold eight data centres to the company.

Image Source

Also read: NHAI to increase size of InvIT to Rs 15,000 crore

Also read: Cube Highways to sell road assets through InvIT

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..