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Shapoorji Pallonji (SP) Group , which is controlled by billionaire Shapoor Mistry, is looking to sell its holdings in Mumbai-based infrastructure construction company Afcons Infrastructure Ltd.
Four companies were participated in the bids including Larsen and Toubro (L&T), Afcons Infrastructure, Ahluwalia Contracts, and Nagarjuna Construction.
Infrastructure Projects In India: The Modi government’s capital expenditure has increased five times as compared to 2013-14. Under the National Infrastructure Pipeline, the government is aiming to invest Rs 110 lakh crore in the coming time., Economy News, Times Now
Shapoorji Pallonji Group is working with an adviser to seek buyer for its holdings in Afcons Infrastructure, the report said. The group is also looking to sell some ports, the report added