Brookfield is finalising the sale of its roads portfolio in India to IndInfravit Trust, an infrastructure investment trust (InvIT) led by Canada Pension Plan Investment Board (CPPIB), for an enterprise valuation of ₹9,000-9,500 crore. Road traffic and toll revenue have seen an uptick with the waning of the Covid pandemic.
Both sides signed an “exclusivity agreement” on Friday and expect to finalise the sale agreement in the next three-four weeks, said people aware of the development. Cube Highways was also in the final lap.
