The Ajay Piramal group has emerged as the front runner to purchase three highway projects of Hyderabad-based Ramky Infrastructure, signaling that cash-rich investors are keen on infusing life into the battered roads sector amid the union government’s overall push to revive infrastructure as it looks to boost the economy. The structured investment group of the real estate to financial services conglomerate owned by billionaire Piramal has signed a non-binding agreement and started final due diligence. The Ajay Piramal group is close to finalising six transactions worth Rs 2,000 crore. The group plans to bring road assets under a common umbrella by appointing a separate management team headed by a chief operating officer.
Home News Industry News Ajay Piramal Group emerges front-runner to buy highway projects of Ramky Infra