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Infrastructure Deals Jump To Five-Year High
Sale of stressed assets drives deal activity to at least a five-year high in infrastructure sector.
25 Nov 2019, 07:50 AM IST
Deal activity in India’s infrastructure sector jumped to its highest in at least five years as stressed builders of airports to roads pared debt by selling cash-generating assets to mostly overseas funds.Total deal value crossed the $5-billion mark in 2019, according to data provided by Grant Thornton. That’s a more than fourfold growth over the previous year. Mergers and acquisitions contributed $1.45 billion while private equity in...
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