Edelweiss Infra Yield Plus Fund acquires 2 road assets from Navayuga Group

Edelweiss Infrastructure Yield Plus on Sunday announced the acquisition of two annuity road assets from Navayuga Road Projects for an undisclosed value. The two projects include Navayuga Dhola Infra Projects in Assam and Navayuga Dibang Infra Projects in Arunachal Pradesh.

“These assets have been acquired from NavayugaRoad Projects,a subsidiary of NavayugaEngineering Company, making this one of the first infrastructure deals closed in the current lockdown environment,” the company said in a statement.

According to industry sources, the approximate value of the transaction could be around $150 million (about Rs 1,125 crore).

Sekura Roads is theroad and highway infrastructure platform of the fund, focused on acquiring operating road assets.