India-focused private equity firm IDFC Alternatives has agreed to purchase a 37 percent stake in India-based highway operator Dewas Bhopal Corridor from India-based infrastructure company Welspun Enterprises at an enterprise value of INR6.6 billion (approximately US$100 million). The transaction, which was structured through India Infrastructure Fund II, includes a contingent deferred consideration of INR340 million (approximately US$5.1 million) and a debt component of INR3.17 billion (approximately US$47.8 million).