18.11.2015 - Oman-India investment fund to raise $300mln
Oman-India Joint Investment Fund (OIJIF) is planning to raise a total US$300mn for its second investment vehicle. The fund, a 50:50 joint venture between sultanate’s sovereign wealth fund State General Reserve Fund (SGRF) and India’s largest lender State Bank of India (SBI), has already recieved commitments from both the anchor investors for US$200mn for the new fund, Indian newspaper the Economic Times reported on Monday. “We are in talks with several reputed third-party institutional investors based in India and abroad. We target to make a first close in first quarter 2016,” said Srinath Srinivasan, CEO of OIJIF. OIJIF’s first vehicle did not raise money from outside investors...............................................Full Article: Source
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