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Sovereign Wealth Funds Briefing - Categorized | Market

IDFC, Khazanah to form JV to invest in India road projects

Posted on 07 June 2011

Infrastructure Development Finance Co., or IDFC, said Friday it plans to form a joint venture company with Malaysia’s sovereign wealth fund Khazanah Nasional Berhad to invest in road projects in India.
IDFC would initially hold a 19.9% stake in the joint venture while Khazanah would own the balance 80.1%, the Indian company said in a filing to the Bombay Stock Exchange………………………………………Full Article: Source


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