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Australia s AMP Capital proposes $73m investment in India s Sadbhav Infrastructure

Australia’s AMP Capital proposes $73m investment in India’s Sadbhav Infrastructure Photo: Engin Akyurt / Unsplash.com May 7, 2021 AMP Capital, a global investment manager owned by Australian retail and corporate pension conglomerate AMP Group, is making its first infrastructure debt investment in India by proposing a $73 million investment in listed firm Sadbhav Infrastructure. The investment, which will be in the form of non-convertible debt debentures on a private placement basis, will be a first in India for AMP Capital’s recently established Infrastructure Debt Asia strategy. AMP Capital earlier said its new Infrastructure Debt Asia strategy seeks to help investors from around the world capitalise on emerging growth opportunities in the region, as demand for basic infrastructure in developing economies continues to increase.

Sadbhav Infrastructure raises Rs 700 cr via NCDs

Sadbhav Infrastructure raises Rs 700 cr via NCDs ANI | Updated: Feb 10, 2021 11:19 IST Ahmedabad (Gujarat) [India], February 10 (ANI): Sadbhav Infrastructure Project Ltd said on Wednesday it has executed debenture trust deeds with Catalyst Trusteeship Ltd to raise up to Rs 700 crore in various tranches and series on a private placement basis. The proposed long-term funding is in the form of non-convertible debentures with a tenure of more than four years. The investor consortium was led by Allianz Global Investors and AMP Capital. The investment will infuse sufficient liquidity into the company and provide resilience and necessary financial strength to our balance sheet over the long term, said Managing Director Vasistha C Patel.

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