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Construction

Global investors have jump-started India’s ailing roads sector. Government’s turn to pump the pedal.

New investors in India’s roads sector have not only breathed life into ailing highway projects, but also brought in transparency and efficiency through the use of technology.
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priyanka
11 Apr 2019 6 Mins Read 0 comment
Mahua-Bharatpur Expressway, a project by Cube Highways; courtesy of Cube Highways
Mahua-Bharatpur Expressway, a project by Cube Highways; courtesy of Cube Highways
Nearly four years after the government allowed highway developers to divest up to 100% stake in their projects, India’s debt-laden roads sector seems to be brimming with activity. Following the move, funds from a clutch of private equity (PE) players, pension funds, and other global investors have emerged as the lifeline for several ailing companies in the sector. Sample
shrugging off debt burden to start a new cycle of growth backed by PE firms and global funds, the government needs to ensure that it is supportive of these investors. For the fate of the biggest highway project in the country — the government’s ambitious 84,000km long Bharatmala — depends heavily on investor sentiment. ( Graphics by Abdul Shafiq)
Nearly four years after the government allowed highway developers to divest up to 100% stake in their projects, India’s debt-laden roads sector seems to be brimming with activity. Following the move, funds from a clutch of private equity (PE) players, pension funds, and other global investors have emerged as the lifeline for several ailing companies in the sector. Sample shrugging off debt burden to start a new cycle of growth backed by PE firms and global funds, the government needs to ensure that it is supportive of these investors. For the fate of the biggest highway project in the country — the government’s ambitious 84,000km long Bharatmala — depends heavily on investor sentiment. ( Graphics by Abdul Shafiq)

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Current Edition

Trouble inside Anurag Bhatia's money maze called Minance
Investigation

Trouble inside Anurag Bhatia's money maze called Minance

Bhatia and his Bengaluru-based wealth-management company Minance are under scrutiny. Investors and former employees narrate instances of alleged mis-selling, default on payments, and related-party transactions. Add to it, dealings in high-frequency trading, fixed-income scheme, and unlisted shares. Bhatia refutes all the allegations and says he has received only one formal query from Sebi.

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