NIIF,  Cube Highways look to buy Ashoka Concessions

Reportedly, a road platform operated by the National Investment and Infrastructure Fund (NIIF) and I Squared Capital-owned Cube Highways has expressed interest in buying Ashoka Concessions Limited. Besides, the NIIF and Cube Highways have submitted initial offers to acquire the roads assets. Ashoka Concessions’ road portfolio comprises 15 assets, comprising six operational build-operate-transfer (BOT) toll projects, one operational BOT annuity project and eight under-construction hybrid annuity projects.