|
|
Article: India: India s IDFC Private Equity to put up INR2.5bn for Quippo shares.
- Article from:
- TendersInfo
- Article date:
- August 18, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: datta003
IDFC Private Equity, an Indian firm focused on infrastructure investments, is investing INR2.5bn ($51.3m) in Quippo Telecom Infrastructure, following its initial investment in its holding company Quippo Infrastructure Equipment in 2007, according to Indian newspaper Mint.
IDFC Private Equity already owns an 11.24 per cent share of the company and will up its stake as Quippo issues additional shares and sells shares in the secondary market. The company aims to raise a total of INR9bn ($184.6m).
IDFC invested INR15bn ($307.9m) in Quippo Infrastructure Equipment in March 2007 alongside the ...