 "IndoSpace to launch $500 mn fund targeting industrial, warehousing parks")
Everstone-backed IndoSpace is raising $500 million to invest in companies that develop industrial and warehousing parks in India. IFC plans to make an equity investment in the proposed fund.
IFC has proposed an equity investment of up to $25 million (not to exceed 20% of total commitments) in the fund. IFC’s Asset Management Company (IFC AMC) is also considering a parallel investment.
The Fund is planning to make control investments with majority stakes primarily to develop industrial and warehousing parks across locations in India.
IndoSpace Capital Asia Pte. Limited (Singapore Manager) is a Singapore private limited company that will act as the fund manager to the fund.
The fund’s sponsor is IndoSpace Capital Management (Cayman) Limited (Sponsor), which is jointly owned and controlled by Everstone Capital and Realterm and the sub-advisor is based out of India.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%