SBI Macquarie Infrastructure Fund takes 12% of power project in India
SBI Macquarie Infrastructure Fund, a joint venture between the State Bank of India and Australia's Macquarie Group Limited, has reportedly taken a 12% stake in India's Adhunik Power and Natural Resources for IND125 crore ($26.9 million).
The transaction marks the second capital injection into Adhunik Power, following the IND250 crore ($53.9 million) investment IDFC Project Equity Fund made half a year ago for a 27% stake. Neither Adhunik...
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