MUMBAI: An alternative investment fund set up by the Edelweiss group is acquiring two annuity road assets from Hyderabad-based Navayuga Group for approximately $150 million, two people aware of the development said.
The Edelweiss Infrastructure Yield Plus fund (EIYPF), which was formed to invest in operating roads, renewables and power transmission assets, plans to raise a corpus of up to $1 billion.
The fund last year made a first close of around ₹2,000 crore, raised largely from domestic investors, and has been looking for investment opportunities since then.
