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Macquarie Group Ltd.’s asset management arm is exploring a sale of toll-road assets in India as the Australian company seeks to monetize some of its early bets in Asia’s third largest economy, according to people familiar with the matter.
Macquarie Asset Management is working with an adviser on the transaction, which could fetch about $400 million, said one of the people, who asked not to be identified as the information is private. The assets include two toll roads in southern India that the firm fully owns and two others it partially owns in the western part of the country, the
