<div>Private equity firm I Squared Capital said it would buy a 109 km toll road from Malaysia's IJM Corp Bhd that connects two key touristic destination cities in northwestern India.</div><div> </div><table width="300" border="1" align="right" cellpadding="5" cellspacing="5"><tbody><tr><td><img src="/image/image_gallery?uuid=62f9feae-2113-4e24-9740-055c63494c33&groupId=219112&t=1418108017009" width="300" height="167" vspace="5" hspace="5" alt="" /></td></tr><tr><td><span style="font-size: 11px; line-height: 15.3999996185303px;"> Jaipur Mahua Tollway</span></td></tr></tbody></table><div>I Squared Capital did not disclose financial details of the deal in its statement on Monday.</div><div> </div><div>IJM Corp said in a separate statement the deal value was 5.25 billion rupees ($84.9 million).</div><div> </div><div>I Squared said it will initially buy a 74 percent stake in Jaipur Mahua Tollway Pvt Ltd from IJM through its ISQ Global Infrastructure Fund, and the remainder after getting approval from Indian authorities.</div><div> </div><div><span style="line-height: 1.4;">Jaipur Mahua Tollway is a toll road that helps connect Jaipur, known for its historic buildings, with Agra, home to the Taj Mahal.</span></div><div> </div><div>The road has been operational since 2009 under a 25-year concession.</div><div> </div><div>(Reuters)</div>
