India: IDFC Alternatives to buy operational road projects

India: IDFC Alternatives to buy operational road projects

A recent easing of norms, allowing road developers to fully divest their operational projects, is leading to a pickup in deal activity across the sector. Photo: Hemant Mishra/Mint

IDFC Alternatives intends to invest Rs.4,000 crore in infrastructure projects across power, roads, ports and airports over 18-24 months, managing partner and chief executive M.K. Sinha said. The company, which invests in a variety of assets, has invested nearly $1 billion in 20 infrastructure projects in India so far.

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