Macquarie, State Bank of India Plan $2 Billion Fund
Monday, April 6, 2009 : PermalinkBusinessWeek – Macquarie Capital Group and State Bank of India (SBI) plan to raise a new $2 billion fund that will invest in direct infrastructure investment opportunities in India.
Macquarie and SBI have signed a memorandum of understanding to set up a company and manage the proposed fund. The International Finance Corporation (IFC), as one of the fund’s cornerstone investors, will also have a stake in the proposed company.
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bank of india, businessweek, capital-group, cornerstone, ifc, infrastructure investment, international finance corporation, investment-opportunities, investors, macquarie, memorandum of understanding, sbi, stake, state bank, state bank of india
