IDFC buys India toll road from Blackstone-backed NCC
IDFC Alternatives will buy a controlling stake in a Bangalore toll road from NCC Infrastructure Holdings - which is backed by The Blackstone Group - and Soma Enterprise at an enterprise value of INR7.5 billion ($109 million).
NCC and Soma each hold a 38% stake in the Bangalore Elevated Tollway (BETL), which they are exiting entirely. The remaining 24% is held by Infrastructure Leasing and Financial Services (IL&FS), which will...
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