Macquarie, SBI invest $18m in Ashoka Concessions
Private equity funds jointly managed by State Bank of India and Australia's Macquarie Group have invested INR1.1 billion ($17.9 million) in Ashoka Concessions (ACL), a toll road builder. The funding is the third tranche of a $150 million (INR 8.307 billion at the time) commitment made in August 2012.
The rupee-denominated SBI Macquarie Infrastructure Trust has invested INR308 million while the remainder INR792 million is from the Macquarie SBI Infrastructure Fund. ACL is a subsidiary of listed Ashoka...
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