3i to stop investing in Indian infrastructure
3i Infrastructure will make no further investments in India as the $1.2 billion India Infrastructure Fund has not delivered the capital growth expected. The firm said it faced more political, market and macroeconomic challenges than expected when the initial commitment to the fund was made in 2007.
In its annual financial report, 3i Infrastructure Chairman Peter Sedgwick explained that the company would re-balance its portfolio towards future investment activity in core infrastructure and public-private...
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