Business Daily from THE HINDU group of publications
Friday, Nov 30, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 30, 2007 ePaper | Mobile/PDA Version |
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Corporate
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Venture Capital Markets - Foreign Institutional Investors Our Bureau New Delhi, Nov. 29 3i India Infrastructure Fund, an investment fund established by global private equity and venture capital company 3i Group Plc, has invested $101 million for a minority stake in Soma Enterprise, a Hyderabad-based engineering and construction firm. Multi-disciplinaryEstablished in 1997, Soma has an order book in excess of $1.6 billion, according to a statement. The company specialises in multi-disciplinary engineering, procurement and construction contracts across segments such as roads, irrigation, hydropower and urban infrastructure. It is increasingly concentrating on developing build-operate-transfer projects. Robust growth“With activity and investment in Indian infrastructure increasing dramatically, the engineering and construction space will continue to exhibit robust growth. "Soma, as a high-quality business with a fine track record of executing complex infrastructure projects ahead of schedule and below budget, is ideally positioned to capitalise on this growth,” said Mr Anil Ahuja, Managing Director and co-head of 3i Asia. More Stories on : Venture Capital | Foreign Institutional Investors | Real Estate & Construction
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