Ashoka concessions restarts talks to sell BOT toll road assets

Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, has restarted negotiations to sell its build-operate-transfer (BOT) toll road assets after PE major KKR terminated the proposed transaction in May.

Global funds such as Canada’s CDPQ, Macquarie, Cube Highways, and India’s NIIF are in early stages of talks to acquire the assets, multiple people aware of the development said. CDPQ is in talks through its infrastructure trust – Indian Highway Concessions Trust.