amp-capital-invests-in-indian-infrastructure-company

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 as and when GIV needs the money.

Gayatri Projects, an Indian construction firm, spun-off its build-operate-transfer BOT road arm to form GIV earlier this year. GIV is currently developing one toll road and four annuity...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222