The asset has been yielding good returns for both IDFC Alternatives and SMS, the SMS spokesman said. Tata Group company TRIL has been looking to buy out operational road assets, but has not closed a deal so far. IDFC Alternatives did not respond to an email query sent on Thursday. It has committed to invest in road assets worth Rs.8,000 crore through Cube Highways. IDFC Alternatives, whose first infrastructure fund in 2007 bought a 48.4% stake in the project, is leading the discussions with potential buyers, the people said.

Source: Mint June 21, 2016 06:56 UTC