Brookfield is finalising the sale of its roads portfolio in India to IndInfravit Trust, an infrastructure investment trust (InvIT) led by Canada Pension Plan Investment Board (CPPIB), for an enterprise valuation of INR 90 billion - INR 95 billion. Road traffic and toll revenue have seen an uptick with the waning of the Covid pandemic. Both sides signed an "exclusivity agreement" on April 08, 2022 and expect to finalise the sale agreement in the next three-four weeks, said people aware of the development.

Cube Highways was also in the final lap.