Edelweiss Infrastructure Yield Plus Fund (EIYPF), an alternative investment fund managed by the Edelweiss Group, has acquired two annuity road assets from Hyderabad-based Navayuga Group for approximately $150 million, reported LiveMint, citing people familiar to the deal. The assets are located in Assam, India.
The acquisition of the Navayuga roads marks the second investment by the Edelweiss infrastructure fund.
EIYPF, which invests in operating roads, renewables and power transmission assets, plans to raise a corpus of up to $1 billion.
