In a bid to raise about $200 million, GMR Infrastructure, part of GMR Group reportedly in talks with private equity investors to sell its stakes in road projects. The company is in discussion with a fund jointly managed by India's largest lender, State Bank of India, and Australia's Macquarie Group for an investment.
The company is also in talks with UK-based private equity firm 3i Group Plc and IDFC Project Equity, a fund managed by India’s Infrastructure Development Finance Co.
The GMR Group is a Bangalore-headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. GMR Infrastructure is the holding company for the infrastructure business of the GMR group.
