Macquarie kickstarts sale of highway assets in India
Mumbai: Macquarie Asset Management (MAM) has officially started the sale process for its largest road portfolio in India, seeking an enterprise value of about ₹10,000 crore ($1.2 billion), said people aware of the development.
The global infrastructure investor has mandated JP Morgan as advisor for the transaction and has begun reaching out to prospective buyers. ET had reported in December that Macquarie was exploring a sale and was in the process of hiring a banker.
