AMP Capital Finance Mauritius, part of Australia’s wealth management company AMP, is acquiring a 29 per cent stake for Rs 100 crore in Hyderabad-based Gayatri Infra Ventures (GIVL), a wholly owned subsidiary of construction firm Gayatri Projects(GPL). The two companies have entered into a definitive agreement to this effect.
As per the agreement, AMP Capital would be investing Rs 100 crore in the first tranche in equity shares of GIVL.
These funds would be utilised to meet the requirements of GIVL’s existing projects as well as future bids and concessions undertaken by it.
Anoop Seth, AMP Capital’s co-head (infrastructure), Asia, said that Rs 100 crore would be invested through the company’s new $750-million Asian Giants Infrastructure Fund.
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