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MUMBAI: Construction firms, eager to raise capital but gripped by soaring interest rates, costly raw material and lower stock valuations, are seeking to sell stakes in infrastructure projects they hold in their books. Many construction firms, working on infrastructure projects on a Build-Operate-Transfer (BOT) basis, may reboot their business model to raise capital to fund future business growth. Staggered cash flows coupled with sudden spike in interest rates and cost of raw materials have dimm...

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