Essel Devanahalli Tollway is an arterial 22 km six-lane toll road in Karnataka, connecting Bengaluru city and its airport. The road, part of NH44 (erstwhile NH7), has been in operation for over six years and caters to the traffic between Bengaluru City and the airport.
Essel Dichpally Tollway is a 60 km four lane toll road in Telangana which has been in operation for over seven years, linking two industrial hubs of Hyderabad and Nagpur and serves long distance commercial traffic.
NIIF, an investment platform for international and Indian investors anchored by the Union government, manages over $4.3 billion of equity capital commitment across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy.
NIIF Master Fund primarily invests in operating assets in core infrastructure sectors like transportation and energy, while NIIF Fund of Funds invests in funds managed by best-in-class fund managers focused on some of the most dynamic sectors in India such as climate infrastructure, middle-income and affordable housing, digital consumer platforms and other allied sectors. Its third fund NIIF Strategic Opportunities Fund is a private equity fund.
In addition to the road sector platform, NIIF Master Fund has also anchored platforms in ports, logistics, renewable energy and smart meters sectors. Vinod Giri, managing partner, NIIF, said, “Athaang will invest in strategic assets and develop a portfolio including mature operational assets, annuities/hybrid annuities, large size expressways and highways with greenfield and brownfield expansion requirements.”