India: IDFC Alternatives to buy NCC, Soma stakes to take majority in Bangalore Elevated Tollway

India: IDFC Alternatives to buy NCC, Soma stakes to take majority in Bangalore Elevated Tollway

Infrastructure firm NCC Ltd has agreed to sell its 38% stake in the Bangalore Elevated Tollway Ltd highway project to an infrastructure fund ofIDFC Alternatives Ltd for an equity value of about Rs.100-110 crore, two people familiar with the discussions said, asking not to be named as the discussions are private.

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