Neo Asset Management, co-founded by Nitin Jain and Hemant Daga, has successfully secured about ₹600 crore from domestic high-net-worth individual investors for its recently launched India-dedicated Infrastructure Income Fund, according to company officials. This fund, launched in the first week of August, aims to raise a total corpus of ₹2,000 crore.
Currently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) other than ACRE ARC with Neo Asset Management.