NCC to sell select highway assets: Report

In a bid to reduce its debt burden, infrastructure major NCC is reportedly planning to sell select highway assets. IDFC and two funds Squared Capital and Acropolis Capital are in the race for the two highway assets namely, the Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway. The company is expecting to garner a combined enterprise value of around Rs 2000 crore for the said assets. NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.