Asian Genco raises $425 million from investor consortium

Singapore-based Asian Genco, which develops power projects in India, has raised $425 million from a consortium of investors led by Morgan Stanley's infrastructure fund.

Asian Genco, a Singapore-based infrastructure company with investments in Indian power generation assets and engineering services businesses, has raised $425 million from a consortium of investors led by Morgan Stanley Infrastructure Partners MSIP. Also included in the consortium are General Atlantic, Goldman Sachs, Norwest Venture Partners, Everstone Capital and others.

The investors have not disclosed any details of the valuation at which they have invested so information on what percentage of the equity the $425 million represents is not...

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