Goldman Sachs to invest $220mn in Essel Highways
Investment bank Goldman Sachs will invest $220 million in Essel Highways, a subsidiary of Essel Infraprojects that constructs and operates national and state highways. Essel Infraprojects CEO Ashok Agarwal said the funds will be used to finance new projects and for strategic acquisitions. The subscription of debentures by a firm like Goldman Sachs will better for Essel's reputation, he added.