MUMBAI: India’s Piramal Enterprises Ltd has tied up with Dutch pension fund APG Asset Management to invest US$1bil in Indian infrastructure companies over three years, in a move that would help indebted firms access funds to complete projects.
A sluggish economy and stalled bureaucratic decisionmaking for the past two years thwarted capital investment and dented earnings, making it tough for infrastructure companies to raise funds and launch or complete road and power projects.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
