AMP Capital invests in Indian infrastructure company
Australia's AMP Capital makes its first investment from a new infrastructure fund, buying a stake in Indian road company Gayatri Infra Ventures.
Australian fund AMP Capital announced last week its first investment from its Asian Giants Infrastructure Fund, committing $50 million to Indian road company Gayatri Infra Ventures.
The Asian Giants Infrastructure Fund will immediately invest Rs1 billion $25 million into Gayatri Infra Ventures GIV for a ôsignificant minority stakeö. AMP did not disclose the exact stake but Indian media has pegged it at 29%. The terms of the agreement between AMP and Gayatri envisage the Australian fund investing another Rs1 billion...
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