IDFC teams with corporates to launch Indian infra JV
IDFC Project Equity Fund has teamed with Mumbai-based Ashok Piramal Group (APG) and Canadian engineering firm SNC-Lavalin Group to launch a joint venture to develop public-private roads and highway projects across India.
Ashok Piramal Group will take a 51% equity stake in the JV, called Piramal Roads Infra, while the IDFC-managed India Infrastructure Fund will have a 39% stake, and SNC-Lavalin will take 10%. In total,...
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