I Squared's toll road platform buys IL&FS asset for $21m
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
The deal will see Cube take over IL&FS's entire stake in Andhra Pradesh Expressway (APEL), the operator of a 75-kilometer stretch of the NH-7 highway in the states of Andhra Pradesh and Tela...
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