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IIFL Securities - India Pesticides Limited IPO

IIFL Securities - India Pesticides Limited IPO
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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.

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