KKR to buy Navayuga Udupi Toll Road for 9240mn
  1. Home
  2. Infrastructure Transport
  3. ROADS & HIGHWAYS
  4. KKR to buy Navayuga Udupi Toll Road for 9240mn
ROADS & HIGHWAYS

KKR to buy Navayuga Udupi Toll Road for 9240mn

17 Apr 2023 1 Min Read CW Team
According to two sources, PE firm KKR has decided to buy a 100% equity position in the Navayuga Udupi Tollway, a toll road operated by the Navayuga Group with headquarters in Hyderabad, for an estimated $9240 million.

In Karnataka, Navayuga Udupi Tollway is the owner and operator of a 90.1 km road project that is made up of the Kundapur-Surathkal segment, which is 74.8 km long, and the Mangalore-Kerala border part, which is 15.3 km long.

According to two sources, PE firm KKR has decided to buy a 100% equity position in the Navayuga Udupi Tollway, a toll road operated by the Navayuga Group with headquarters in Hyderabad, for an estimated $9240 million. In Karnataka, Navayuga Udupi Tollway is the owner and operator of a 90.1 km road project that is made up of the Kundapur-Surathkal segment, which is 74.8 km long, and the Mangalore-Kerala border part, which is 15.3 km long.

Previous
MTHL: The bridge that will last a century

Next
GPS installation mandatory in commercial vehicles

Related Stories

Gold Stories

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Navrattan Group plans to launch Green Cement in Indian market
Cement
01 May 2024

Navrattan Group plans to launch Green Cement in Indian market

Anti-dumping duty on rock breakers from China, Korea
Equipment
03 May 2024

Anti-dumping duty on rock breakers from China, Korea

Spike in demand: BEST to replace 373 km cable network in Mumbai
POWER & RENEWABLE ENERGY
03 May 2024

Spike in demand: BEST to replace 373 km cable network in Mumbai

Mobile app for prepaid taxi, auto booking in Bhubaneswar
SMART CITIES
03 May 2024

Mobile app for prepaid taxi, auto booking in Bhubaneswar

Assetz launches premium plotted Development, ‘Melodies of Life’
Real Estate
03 May 2024

Assetz launches premium plotted Development, ‘Melodies of Life’

Now, BMC will look into reasons for the Gokhale-Barfiwala flyover gap
ECONOMY & POLICY
03 May 2024

Now, BMC will look into reasons for the Gokhale-Barfiwala flyover gap

India's March 2024 natural gas output surges by 6.2%
OIL & GAS
03 May 2024

India's March 2024 natural gas output surges by 6.2%

Government fixes May domestic gas price at $8.90/mmbtu
OIL & GAS
03 May 2024

Government fixes May domestic gas price at $8.90/mmbtu

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram