Market Chatter: KKR & Co.-Backed Indian Firm Leading Race to Acquire $800 Million of Assets in Southern States

MT Newswires Live07-22

KKR & Co.-backed (KKR) Vertis Infrastructure Trust has emerged as the frontrunner to acquire roads from an Indian developer, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Vertis is in advanced talks to buy eight roads in southern Indian states of Andhra Pradesh and Telangana from Megha Engineering & Infrastructures, the people told the news agency.

Including debt, the assets are expected to be valued at about $800 million, one of the people told the news agency.

KKR and Vertis did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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