NCC, Soma exit Bangalore Tollway; sell stake for Rs 750 cr to IDFC.

Industry:    2016-02-24

Infrastructure firms NCC Infrastructure and Soma Enterprise are selling their entire stake in Bangalore Elevated Tollway Ltd for Rs 750 crore to a fund operated by IDFC Alternatives. The development follows a recent government decision to allow infrastructure players to exit highway projects. The two infrastructure companies have entered into a pact with India Infrastructure Fund II, managed by IDFC Alternatives Ltd, to sell their entire stake in the Bangalore Elevated Tollway .. Read more at: http://economictimes.indiatimes.com/articleshow/51109884.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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