Macquarie Said to Weigh Sale of $1.5 Billion India Road Contract

Macquarie Group is considering selling a portfolio of nine highway projects in India and may seek at least $1.5 billion, according people familiar with the situation.

The firm is in preliminary discussions with advisers about the potential deal, the people said, asked not to be identified discussing a private matter. Deliberations are at an early stage and Macquarie may decide to keep the assets, the people said.

A representative for Macquarie declined to comment.

The Australian financial giant won a government-led bidding process in 2018 with an offer of 96.8 billion rupees ($1.2 billion) for a so-called toll-operate-transfer agreement, according ...