NIIF to acquire GVR Ashoka Chennai ORR from Ashoka for $90m.

Synopsis

National Investment and Infrastructure Fund, an infrastructure specific investment fund, agreed to acquire GVR Ashoka Chennai ORR, a joint venture between Ashoka and GVR Infra Projects, from Ashoka, a highway developer, for $90m.

Principals

target

Gvr Ashoka Chennai Orr

bidder

National Investment And Infrastructure Fund

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Market Context