Australian investment bank, Macquarie, and the State Bank of India (SBI) have launched a fund to invest specifically in Indian projects, Bloomberg reports. Macquarie-SBI Infrastructure Fund (MSIF) has so far raised $1 billion.
International investors have committed $887 million to MSIF, alongside SBI’s and Macquarie’s commitments of $150 million. Both SBI and Macquarie will own 45% of the fund each, with the rest owned by International Finance Corporation, which has also committed $150 million.
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