Goldman Unit May Invest in India BF Project, Economic Times Says

BF Utilities Ltd. (BFUT) may sell a 14.9 percent stake in an Indian expressway project to Goldman Sachs Group Inc. (GS) for 10 billion rupees ($225 million), the Economic Times reported, citing a person it didn’t identify.

The 164-kilometer (102-mile) expressway project connects Bangalore and Mysore in the southern Indian state of Karnataka, according to the report. BF Utilities may discuss the plan at a board meeting scheduled for May 2, the newspaper said.

To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net

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