IJM in­vest­ing in In­dian high­way firm

New Straits Times - - Business -

KUALA LUMPUR: IJM Corp Bhd, via its wholly-owned sub­sidiary of IJM In­vest­ments (M) Ltd, has cre­ated a new pri­vate ve­hi­cle, IJM De­was (Mau­ri­tius) Ltd, to in­vest up to 74 per cent stake in De­was By­pass Toll­way Pte Ltd, a high­way con­ces­sion­aire in In­dia. The con­ces­sion­aire is in­volved in the widen­ing and up­grad­ing of the 19.8km De­was By­pass Road in Mad­hya Pradesh, In­dia, to a four- and six-lane high­way.

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