The Asian Giants Infrastructure Fund will immediately invest Rs1 billion $25 million into Gayatri Infra Ventures GIV for a ôsignificant minority stakeö. AMP did not disclose the exact stake but Indian media has pegged it at 29%. The terms of the agreement between AMP and Gayatri envisage the Australian fund investing another Rs1 billion as and when GIV needs the money.
Gayatri Projects, an Indian construction firm, spun-off its build-operate-transfer BOT road arm to form GIV earlier this year. GIV is currently developing one toll road and four annuity...
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