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Global funds make beeline for Sadbhav Infra assets

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By Ashwin MohanGlobal funds are making a beeline for Sadbhav Infrastructure Projects’ road and highway assets, which have been put on the block, sources said. The company, owned by parent Sadbhav Engineering, may look to use deal proceeds for developing under-construction projects. Top global funds including Brookfield, Macquarie Group, CPPIB and CDPQ are likely to submit their bids soon.

Sabhav Infra had carved out 12 operational assets for proposed sales.

The entervalue of these assets have been estimated at around Rs 4,000-5,000 crore. In a response to ETNow query, the company said, “Same is nothing but market speculation and far from truth.” CDPQ declined to comment on the news.

However, responses awaited from Brookfield, CPIIB and Macquarie. Sadbhav Infra has a total of 20 projects with 12 operational and 8 under construction and development.

Sadbhav Engineering holds 69 per cent stake in Sadbhav Infra.




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