Essel Infraprojects close to sale of two road assets to NIIF-Roadis

Essel Infraprojects close to sale of two road assets to NIIF-Roadis

Photo: Reuters

The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a deal valued at an estimated 1,500-1,800 crore, said two people aware of the discussions.