Macquarie Asset Management, the asset management arm of Macquarie Group Limited, is exploring a sale of toll-road assets across India as the Australian company seeks to monetise some of its early bets in Asia’s third-largest economy.
According to an official, Macquarie Asset Management is working with an adviser on this transaction, which could bring about $400 million. The assets include two toll roads in southern India that the company owns and two others it partially owns in the western part of India. The official said that due to an early stage transaction and also Macquarie could still decide to retain the asset for a longer time. The company’s funds started investing in Indian roads back in 2013 as one of the largest investors in the infrastructure assets of India. The company also has two renewables investments in the country. Image Source
