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Edelweiss Infra fund buys two road assets from Navayuga for $140 million

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MUMBAI : Edelweiss Infrastructure Yield Plus, an alternative investment fund managed by Edelweiss Alternative Asset Advisors Ltd. (EAAA), along with its portfolio company Sekura Roads Ltd, has acquired two annuity road assets from the Navyuga group.

The deal size is at $140 million on an enterprise valuation basis.The two road assets are Navayuga Dhola Infra Projects Limited (in Assam) and Navayuga Dibang Infra Projects Private Limited (in Arunachal Pradesh).

These assets have been acquired from Navayuga Road Projects Private Ltd, a subsidiary of Navayuga Engineering Company Ltd. Sekura Roads is the road and highway infrastructure platform of the fund, focused on acquiring operating road assets and this is its first acquisition.

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