NIIF initiates sale of roads portfolio valued at over $1 billion

The National Investment and Infrastructure Fund (NIIF) is embarking on the sale of its maiden portfolio comprising five road projects worth Rs 100 billion ($1.2 billion). The investment bank, JP Morgan is overseeing the sale process of the portfolio.
The operational road assets are held by Athaang Infrastructure, backed by the NIIF Master Fund. Athaang manages five assets, collectively spanning over 230 km located across northern and southern India.