Actis to Buy Welspun's Road Assets

Mumbai-based private equity investor Actis is in advanced talks to purchase six properties from Welspun Street Enterprises Ltd for a project worth Rs. 8,000 crores – 10,000 crores.  BK Goenka’s energy and infrastructure assets, which are up for sale, include five hybrid modular roads (HAMs) and one build-operate-transfer (BOT) project. Negotiations between Actis and Welspoon are at an advanced stage. Due diligence and negotiations on the listings will soon be completed. Welspun expects to close the sale at the end of March. The equity value of the transaction is expected to exceed Rs 2,000 crore. Actis is one of the most active investors looking at road projects in India and is involved in at least three major sales deals. They have a lot of capital that they would like to invest in profitable infrastructure assets in India, and the roads are currently is A very attractive option for these investors, for Welspun the monetization will help reduce its debt at the group level and recycle capital for construction projects.