AMP Capital invests in India's infrastructure



AMP Capital has announced it will make its first infrastructure debt investment in India by investing US$73 million in listed road infrastructure company Sadbhav Infrastructure.
The funding, which would be carried out on a private placement basis, would aim to assist the firm to fund the completion of an existing portfolio of road assets across India and mark the first investment in India for AMP Capital’s recently established Infrastructure Debt Asia strategy.
The strategy would be expected to benefit from a combined significant infrastructure pipeline with supportive regulatory and government initiatives, aimed to encourage more involvement of private investors, AMP Capital said in the announcement.
“India offers attractive opportunities for our Infrastructure Debt Asia strategy, combining a significant infrastructure pipeline with increasingly supportive regulatory and government initiatives to encourage greater involvement of private investors,” Simon La Greca, head of infrastructure debt Asia at AMP Capital said.
“We look forward to investing further with high quality and experienced sponsors across the infrastructure sector in India.”
Sadbhav Infrastructure was a road company specialising in the development, operation and maintenance of highways, roads and related projects, with its current road portfolio comprising the development of nine Hybrid Annuity Model road projects located across India, and currently operating four toll road projects located in Maharashtra, Harayana and Gujarat.
AMP Capital, which said it would continue to consider infrastructure investment opportunities in India, formed a partnership in December 2020 with Sterlite Power for the development of energy transmission projects.
Recommended for you
Perpetual has appointed a new CEO for affiliate J O Hambro Capital Management, as it tries to stem outflows and refresh the brand.
Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly outflows for 2025 in August.
Domestic equity managers are lagging the ASX 200 in the first half of the year, according to S&P, with almost three-quarters of Australian equity funds underperforming over the six-month period.
ETFs saw almost $5 billion of inflows during August, with international equities gaining double those of fixed income funds, as total assets close in on $300 billion.