Trend

Not taking the nearest exit

Infra companies wanting to sell road assets find themselves in a buyers market

For many over-leveraged infra companies, selling off BOT road assets is turning out to be an obvious choice. In fact, Reliance Infrastructure is looking to completely exit the segment. But the going has been far from easy as those wanting to sell outnumber those wanting to buy. “Deals are not happening because buyers have become choosy and greedy. Also, some of the assets that are on the block have their own issues and sticky liabilities which many buyers are not willing to pay for,” says Praveen Sood, group CFO, HCC.