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NIIF Initiates Sale Of Maiden Roads Portfolio With Over 1 Bn Value - BW Businessworld

NIIF looks to sell over $1 billion worth of maiden roads portfolio

The key among these are two highways in Jammu and Kashmir acquired separately by the fund in 2022. The 16.3-kilometre Qazigund Banihal Expressway was acquired from Navayuga Engineering in July 2022 for $380 million (Rs 3,163 crore). Meanwhile, the 64.5-kilometre Jammu Udhampur Highway was acquired by Athaang in August 2022 from Shapoorji Pallonji Group for $290 million (Rs 2,414 crore).

Adani s Acquisitions: Inside the Company s Growth Machine

Adani s Acquisitions: Inside the Company s Growth Machine
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