Private equity investor Actis eyes Patel Infra's 4 roads

09 May 2023 CW Team

According to two persons with knowledge of the situation, private equity fund Actis and infrastructure developer Patel Infrastructure Ltd. are in advanced talks about Actis purchasing a portfolio of four hybrid annuity model (HAM) roads from the company.

The portfolio of four road assets consists of two operational roads, the 48.8 km part of NH-12 in Rajasthan and the 31 km segment of the Vadodara Kim Motorway, as well as two under-construction projects, the 50.48 km piece of NH-45C in Tamil Nadu and the additional 47.83 km section of NH-45C.

Six operating road assets were purchased from Welspun Enterprises by Actis Long Life Infrastructure Fund last year for a business valuation of around 60,000 million.

According to the second source, Actis also intends to create an InvIT to host these road projects.

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