Actis LLP has rolled 11 road assets from two funds into an infrastructure investment trust valued at about 100 billion rupees ($1 billion) after raising 11.8 billion rupees from investors. The road assets from Actis Long Life Infrastructure Fund 1 and 2 have been consolidated in the firm's NXT-Infra Trust. Following the fundraising, the private equity firm's stake dropped to 71% from 86%, with the rest held by domestic investors.

Cube Highways acquired HKR Roadways Ltd., operating a 206-kilometer toll road in Telangana, for 16.5 billion rupees. Vinci Highways agreed to buy Safeway Concessions' nine toll roads in Andhra Pradesh and Gujarat from Macquarie Asset Management at a valuation of $1.7 billion. KKR-backed Vertis Infrastructure Trust is also in the running to buy Megha Engineering and Infrastructure Ltd.'s road assets for $800 million.