 "Maquarie-SBI invests Rs 110 cr in Ashoka Buildcon")
(ACL) from Macquarie-SBI Infrastructure Fund (MSIF), a joint venture infrastructure fund of State Bank of India (SBI) and Australia's Macquarie.
The fund will be utilized for equity investment into various under construction projects.
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Macquarie-SBI has committed to invest $150 million (Rs 800 crore) in Ashoka Concessions Ltd. Including this tranche, the total equity investment by Macquarie-SBI in ACL comes around Rs 490 crore and balance would be received as per equity requirements of projects under construction, said company statement.
Ashoka Buildcon Ltd currently has a portfolio of 25 BOT projects while Ashoka Concessions has a portfolio of seven toll roads including six national highway projects.
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