Macquarie and KKR pursue Rs 85 billion in loans for Indian road ventures

Macquarie and KKR are currently in negotiations with Indian lenders to collectively secure Rs 85 billion (about $1 billion) in fresh loans for their road ventures in India.
Macquarie seeks Rs 61 billion in loans to refinance the existing debt for toll-operate-transfer (TOT) bundle 1. Meanwhile, KKR aims to raise Rs 24 billion through a combination of loans and bonds via the Highway Infrastructure Trust, an infrastructure investment trust (InvIT). These funds will be utilised for the acquisition of six road projects in Haryana and Karnataka.