 "A deserted road during nationwide lockdown to slow spreading coronavirus (COVID-19) disease i")
The National Infrastructure Investment Fund (NIIF) has acquired Essel Devanahalli Tollway and Essel Dichpally Tollway from Essel Infraprojects, the wholly-owned subsidiary of Subhash Chandra’s debt-laden Essel group.
NIIF had earlier tried to enter in the highway sector by acquiring other operational highway projects either from private operators or through the toll-operate-transfer (TOT) monetisation mode of the government. With this acquisition, NIIF has taken its first step to build its portfolio in the road and highway sector, said an official statement. These projects will be managed by Athaang Infrastructure, NIIF’s proprietary road platform.
The deal, done through the NIIF Master
