3i to invest $100 million in infra firm

Private Equity firm 3i is on the verge of closing $100 million deal in the unlisted infrastructure company.

This was revealed by company's Asia Head while speaking with media persons on the sidelines of Private Equity conference in the city.   "It would be a stake in an unlisted firm which has one project now," he said.

The investment will be made out of the $1.2 billion India Infrastructure Fund the firm closed in April 2008. It has made two investments so far, worth about $330 million.