Global investment major AMP Capital Investors is launching a $500 million equity fund sometime soon this year to invest in infrastructure in India and China. This will be the third such fund from AMP.
The company has already invested $100 million in Indian infrastructure from its earlier two funds and is planning to invest an additional $50 million. The major investments of AMP’s infrastructure funds include Indraprasta Gas (IGL), Bharti Telecom and Pipavav Port.
AMP Capital is also planning to raise a multi-million fund in 2008 to invest in Indian real estate. The fund will invest in shopping malls, industrial logistics, non-CBD (central business district) offices and IT offices across the country. AMP is entering real estate and equities in India after it exited the life insurance business in 2005. It sold off AMP Sanmar Life Insurance to Anil Ambani-controlled Reliance Capital.
Read more in The Business Standard article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment