Stocks

3i Fund to pick up stake in Supreme Infra portfolio

Our Bureau Mumbai | Updated on November 15, 2017

Agrees to invest Rs 300 cr





3i India Infrastructure Fund has agreed to invest about $61 million (Rs 300 crore) for a minority stake in a portfolio of road BOT (build, operate and transfer) companies of Supreme Infrastructure India.

Supreme Infra order book currently stands at Rs 5,700 crore of which the unexecuted portion is Rs 3,750 crore.

The $1.2-billion fund has investments in Adani Power, Soma Enterprises, Krishnapatnam Port Company, KMC Infratech, GVK Power and Infrastructure and Ind Barath Energies Utkal.

Ernst & Young was the strategic and financial advisor to Supreme Infra to the transaction.

Published on January 30, 2012

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