{"id":274915,"date":"2019-05-17T05:28:17","date_gmt":"2019-05-17T05:28:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=274915"},"modified":"2019-05-17T05:28:17","modified_gmt":"2019-05-17T05:28:17","slug":"essel-group-to-sell-3-road-assets-to-cdpq","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/essel-group-to-sell-3-road-assets-to-cdpq\/","title":{"rendered":"Essel Group to sell 3 road assets to CDPQ"},"content":{"rendered":"<p>Mumbai: Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), Canada\u2019s second-largest fund manager, said two people aware of the development, as the Subhash Chandra-promoted Essel Group company seeks to trim its massive debt.<\/p>\n<p>The assets are expected to fetch a combined enterprise value of \u20b93,300-3,500 crore, said the first person cited above, requesting anonymity. \u201cEssel is likely to formally announce the deal within the next three to four weeks,&#8221; the person said. \u201cThe entire proceeds of the sale will be used towards debt repayment.&#8221;<\/p>\n<p>The three projects comprise toll roads in Madhya Pradesh (Lebad-Jaora state highway), Karnataka (Navayuga Devanahalli Tollway near Bengaluru airport, a national highway) and Telangana (Essel Dichpally Tollway, a state highway).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), Canada\u2019s second-largest fund manager, said two people aware of the development, as the Subhash Chandra-promoted Essel Group company seeks to trim its massive debt. The assets are expected to fetch a combined enterprise value of \u20b93,300-3,500 crore, said the first person cited above, requesting anonymity. \u201cEssel is likely to formally announce the deal within the next three to four weeks,&#8221; the person said. \u201cThe entire proceeds of the sale will be used towards debt repayment.&#8221; The three projects [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-274915","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=274915"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274915\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}