Brookfield, NIIF, Actis place bids to buy Indian infrastructure firm Ashoka Concessions

Brookfield, NIIF, Actis place bids to buy Indian infrastructure firm Ashoka Concessions

Photo: Gautam Ganguly/ Unsplash

Canada’s Brookfield Asset Management Inc., India’s quasi-sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and private-equity firm Actis Llp have placed bids to buy Ashoka Concessions Ltd in a deal with an implied equity value of around $350 million, said two people aware of the development.

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