3i invests in Indian construction major
UK-headquartered private equity firm 3i will invest INR500 crore ($115 million) into KMC Constructions, a build-operate-transfer (BOT) construction firm based in Hyderabad that focuses on India’s road projects.
The size of 3i’s stake has not been disclosed, although reports suggested that it is significant. 3i launched its $1.2 billion regional infrastructure fund in 2008, and this investment comes as its fourth...
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