I Squared and IFC Acquire NAM Expressways for US$236 Million (Asia)

Source(s): Link Legal India Law Services | Author(s): Venkat Satyanarayana

Cube Highways and Infrastructure, an India-based toll roads investment platform established by global infrastructure investment firm I Squared Capital and development finance institution International Finance Corporation, has acquired 100 percent of NAM Expressways from India-based Ramky Infrastructure for INR16.7 billion (approximately US$232 million) including debt. NAM operates 211 kilometers of four-lane highway in the states of Telangana and Andhra Pradesh.