{"id":307365,"date":"2019-12-26T11:59:18","date_gmt":"2019-12-26T06:29:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307365"},"modified":"2019-12-26T12:32:12","modified_gmt":"2019-12-26T07:02:12","slug":"cppib-leads-race-to-buy-ashoka-concessions-for-rs-5500-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cppib-leads-race-to-buy-ashoka-concessions-for-rs-5500-crore\/","title":{"rendered":"CPPIB leads race to buy Ashoka Concessions for Rs 5,500 crore"},"content":{"rendered":"<p>MUMBAI: Canada Pension Plan Investment Board has emerged the front runner to acquire toll roads developer Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 5,500 crore, or $770 million, two people aware of the development said.<\/p>\n<p>Existing shareholders \u2014 a private equity fund jointly managed by Australia\u2019s Macquarie Group and State Bank of IndiaNSE -0.41 %, and listed infrastructure developer Ashoka BuildconNSE 1.08 % are set to sell their stakes of 34% and 66%, respectively, to Canada\u2019s largest pension fund, they said.<\/p>\n<p>Ashoka Concessions\u2019 roads portfolio comprises 15 assets, including six operational build, operate, transfer toll projects and eight under-construction hybrid annuity projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Canada Pension Plan Investment Board has emerged the front runner to acquire toll roads developer Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 5,500 crore, or $770 million, two people aware of the development said. Existing shareholders \u2014 a private equity fund jointly managed by Australia\u2019s Macquarie Group and State Bank of IndiaNSE -0.41 %, and listed infrastructure developer Ashoka BuildconNSE 1.08 % are set to sell their stakes of 34% and 66%, respectively, to Canada\u2019s largest pension fund, they said. Ashoka Concessions\u2019 roads portfolio comprises 15 assets, including six operational build, [&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-307365","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\/307365","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=307365"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307365\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}