Edelweiss to acquire two road assets from Navayuga Group

Edelweiss Infrastructure Yield Plus Fund (EIYPF) will acquire two road assets from the Navayuga Group for $150 million. Both the road assets under consideration are located in Assam. These were developed through the build-operate-transfer (BOT) (annuity) mode and have been operational since the past two years. The EIYPF, which was formed to invest in operating road, renewable energy and power transmission assets, plans to raise a corpus of up to $1 billion. In 2018-19, it had successfully raised around Rs 20 billion, largely from domestic investors.