{"id":291302,"date":"2019-09-12T06:39:09","date_gmt":"2019-09-12T06:39:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291302"},"modified":"2019-09-12T06:39:09","modified_gmt":"2019-09-12T06:39:09","slug":"roadis-in-talks-to-buy-out-partner-in-indian-joint-venture","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/roadis-in-talks-to-buy-out-partner-in-indian-joint-venture\/","title":{"rendered":"Roadis in talks to buy out partner in Indian joint venture"},"content":{"rendered":"<p>Roadis, which builds and operates highways globally, is in talks to buy out partner Soma Enterprises in their equally owned joint venture in India, two people aware of the matter said.<\/p>\n<p>The JV, Soma Roadis, has four highway concessions under the build-operatetransfer model in India, stretching 710 km \u2014 Panipat-Jalandhar (291 km), Kishangarh-Ajmer-Beawar (94 km), Surat-Hazira Port (133 km) and Varanasi-Aurangabad (192 km). \u201cThe discussions are at initial stages and clarity is required over the valuation as a lot of debt is with its Indian counterpart,\u201d said one of the two people. Also, it is yet to be decided whether the assets to be kept independently under the Roadis platform or its newly formed JV with National Investment andNSE 0.48 % Infrastructure Fund, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roadis, which builds and operates highways globally, is in talks to buy out partner Soma Enterprises in their equally owned joint venture in India, two people aware of the matter said. The JV, Soma Roadis, has four highway concessions under the build-operatetransfer model in India, stretching 710 km \u2014 Panipat-Jalandhar (291 km), Kishangarh-Ajmer-Beawar (94 km), Surat-Hazira Port (133 km) and Varanasi-Aurangabad (192 km). \u201cThe discussions are at initial stages and clarity is required over the valuation as a lot of debt is with its Indian counterpart,\u201d said one of the two people. Also, it is yet to be decided whether [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-291302","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291302","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}