Essel Infra Projects Limited is in talks with infrastructure developers and private equity (PE) companies to sell a part of its roads portfolio, three people close to the development said. The Subhash Chandra-controlled Essel Infraprojects has placed six road projects on the block and is seeking a combined enterprise value of INR 115 billion, one of the three people said. Essel Infraprojects wants to complete the sale by June 2019, the person added, requesting anonymity. The second person said Essel Infra has been in talks with several companies, including Cube Highways and Infrastructure Pte. Ltd. and Infrastructure, backed by I Squared Capital Advisors, LLC, Adani Enterprises Limited (BSE:512599), Caisse de dépôt et placement du Québec (CDPQ), Canada Pension Plan Investment Board (CPPIB) and Roadis Transportation Holding SL. An Essel Group spokesperson said Essel "confirms the ongoing discussions with all the prospective partners in the ecosystem, pertaining to the divestment of its road portfolio". An Adani Group spokesperson said: "As part of our business growth strategy, we continue to evaluate various opportunities. We will inform all stakeholders if and when something concrete emerges." A CPPIB spokesperson declined to comment. Emailed queries sent to CDPQ, Cube Highways and Roadis went unanswered till press time.