KMC Constructions today said it has received Rs 500-crore investment in the company flagship KMC Infratech from 3i India Infrastructure, an investment fund established by global private equity firm 3i Group Plc.
"The private equity giant will pick up significant stake in the build-operate-and-transfer (BOT) road projects of KMC Constructions," KMC Constructions said in a release.
Hyderabad-based KMCIL, incorporated in 2008, is the flagship company of KMC Constructions for all its existing and prospective road "build, operate and transfer" assets.
KMCIL has one of the largest road portfolios in the country and owns 10 projects aggregating 5,000 lane km, the statement said.
"KMCIL is well positioned to take advantage of the significant opportunity in the road sector in India.
This investment allows us to partner with an infrastructure operator with a sound track record of constructing and operating road assets in the country," Anil Ahuja, Managing Director and Head of 3i Asia, said.
The $1.2 billion 3i India Infrastructure Fund is focused on power, road, ports and airports. Since inception, the fund has invested in Adani Power, Soma Enterprises, Krishnapatnam Port Company and GVK Energy.
Spark Capital Advisors acted as exclusive financial advisors to KMC Group and DSK Legal acted as legal advisor to the transaction for KMCIL.
