Salt-to-steel conglomerate Tata Group is forming a joint venture with private equity investor Actis that could spend $2 billion (about Rs 8,900 crore) in building roads over five years, as Indian and foreign investors seek to cash in on opportunities created by the governments attempt to upgrade the countrys network of highways, the third largest after the US and China. Tata Realty & Infrastructure, a company set up by the Tata group to foray into the roads and highways sector, will own 65% of the venture, called TRIL Roads Pvt Ltd. Actis will own the rest, Tata Realty managing director & CEO Sanjay Ubale told ET. Actis will pay $77.5 million, or Rs 345 crore, to buy the stake in TRIL Roads in its first investment in the Indian infrastructure sector, said its partner Michael Till. […]