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Actis starts 2024 with $229 million monetization plan
Mint Mumbai
|January 11, 2024
Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 with deals worth over $1 billion, has started the New Year with its move to monetize its biggest bet in the country.
The emerging markets-focused PE firm had stitched at least four transactions in India in 2022 across the real estate, renewable energy and highway sectors, including a warehousing joint venture with Mahindra Lifespaces. It also acquired Rx Propellant, and Welspun Group's six highway assets. It sealed the highways deal for an enterprise value of $775 million, or about ₹6,000 crore back then, marking its biggest transaction in India, amid changes in its strategy to strike bigger bets in the country.
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