AMP Capital invests in India's infrastructure

AMP Capital India Sadbhav Infrastructure Simon La Greca

6 May 2021
| By Oksana Patron |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

 
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

 

MARKET INSIGHTS

PETER JOHNSTON- AIOFP

Well done Keith and Neil, these Canberra Bureaucrats need to be stopped. ...

1 day 14 hours ago
JOHN GILLIES

WHEN I RETIRED A LOT OF GUY'S WERE STILL PRACTICING FORMS OF COLD CALLING. There nothing wrong with it as a way of estab...

2 days 13 hours ago
JOHN GILLIES

I thought you joined a dealer to be protected and have a better version of regulation explained, BUT The dealers themsel...

2 days 14 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 2 days ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

3 weeks 3 days ago

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes....

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND