GMR Infrastructure Ltd is in talks with private equity investors to raise roughly $200 million by selling stakes in road projects. The company is in talks with a fund jointly managed by State Bank of India and Australia's Macquarie Group for an investment. It 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. GMR is also looking at an eventual initial public offering of its road assets.