Macquarie and SBI have signed a memorandum of understanding to set up a company and manage the proposed fund. The International Finance Corporation IFC, as one of the fundÆs cornerstone investors, will also have a stake in the proposed company.
Macquarie, SBI and the IFC together plan to contribute a total $450 million in anchor investments to start the fund, which will raise further capital from both domestic and international institutional investors. The fund is scheduled to launch by end-June.
As the primary sponsors of the fund,...
¬ Haymarket Media Limited. All rights reserved.
