Actis's Roads InvIT aims to raise Rs 20 billion

15 Sep 2023 CW Team

The UK-based global private equity firm Actis is considering the possibility of monetising a collection of operational road assets it possesses in India through an infrastructure investment trust (InvIT). This move has the potential to generate as much as Rs 15 to Rs 20 billion. In the previous year, Actis made the acquisition of a portfolio consisting of six roads. These comprised five hybrid annuity model (HAM) properties and one build-operate-transfer (BOT) road. This acquisition was made from Welspun Enterprises, with a total enterprise value of Rs 60 billion.

This acquisition marked Actis' entry into the roads sector in India, following its successful ventures in the renewable energy industry, where it sold two major platforms, namely Sprng Energy and Ostro Energy.

The Long Life Infrastructure Fund of Actis was responsible for acquiring the six roads. This fund specialises in investing in stable, operational assets across various infrastructure sectors, aiming to deliver substantial cash returns to investors. As per the sources mentioned earlier, Actis has submitted an application for the registration of the trust with the Indian market regulator, the Securities and Exchange Board of India (Sebi).

Sebi's approval has been awaited. Simultaneously, progress is being made on the draft prospectus of the InvIT, and they are expected to submit the draft documents within a month. Axis Capital is providing advisory services to Actis for the InvIT fundraising.

The proposed fundraising, which is anticipated to amount to approximately Rs 15 to 20 billion, will primarily be allocated to repaying or prepaying a portion of the debt associated with the road assets, according to the second source.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..