ISQ to acquire Rajasthan toll road from Malaysian Company

Q: I Squared Capital buys Jaipur Mahua Tollways from IJM Malaysia for Rs 525 crore.

Pavan Jain, Delhi-NCR

9th December 2014

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Replies (6)

At the same time i keen about investment opportunities in India, especially following the positive actions and policies being implemented by the new government.

Sukhpreet, Delhi-NCR

10th December 2014

Comment

This investment is based on a well-defined master plan of investing in select infrastructure assets that benefit from urbanization, a growing middle class and rising available incomes in growth economies. I believe Indian roll roads offer attractive risk-adjusted returns and provide direct view to the growing consumer economy.

Sanjay Gupta, Delhi-NCR

9th December 2014

Comment

The transaction is symbolic for the Indian infrastructure sector as global funds have again started looking for investments in India after a interval of almost 4 years. The liquidity for infra projects had almost dried up in the last 4 years. Banks has stretched their lending facilities, promoters were not in a position to raise equity and the debt markets too was not there.

Sukhpreet, Delhi-NCR

9th December 2014

Comment

The toll road that connects India's two biggest tourist destinations Agar and Jaipur has a fast flow of income. The toll road has seen a revenue growth of over 15% on an annualized basis for the past 5 years. It is expected that over 15 million passenger car units use the two toll plazas of this road on a combined basis annually.

Sanjay Gupta, Delhi-NCR

9th December 2014

Comment

The Rajasthan toll road expansing for 109 kms between Jaipur and Mahua is strategically located on the NH1-1. The project has a 25 year concession from the government to toll, operate and maintain it since 2009 when it was operational.

Sukhpreet, Delhi-NCR

9th December 2014

Comment

I Squared Capital, a $ 2 billion global infrastructure fund has bought out the Jaipur Mahua Tollways, a road project on the National Highway-11 in Rajasthan from IJM Malaysia for Rs 525 crore. IJM, a Malaysian Infrastructure Company has way out in an all equity transaction by doubling its investment in the project in 5 years.

Sanjay Gupta, Delhi-NCR

9th December 2014

Comment