Navayuga Group, an Indian infrastructure development to software services company, is selling two annuity road assets for approximately $150 million.
Navayuga will sell the assets to Edelweiss Infrastructure Yield Plus fund (EIYPF), a unit of Indian investment and financial services company Edelweiss Group.
Edelweiss is buying the two annuity assets located in the state of Assam, India.
The acquisition of the Navayuga roads, which have been operational for the last two years, marks the second investment by the Edelweiss Infrastructure fund.