Citi aims to raise $400 mn in India infrastructure fund

Reuters
Posted: 2008-07-01 12:32:19+05:30 IST
Updated: Jul 01, 2008 at 1232 hrs IST

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Mumbai, July 1: : Citigroup has launched a second tranche of the infrastructure fund it jointly runs with India's IDFC, to raise $300-$400 million, a top official of its Indian unit said on Tuesday.

Citi had raised about $525 million in the first tranche last year, Sanjay Nayar, chief executive of Citigroup's Indian unit said.

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» Infrastructure Fund

Posted by Infra on 2008-07-03 19:11:48.086272+05:30
Is this under the same fund that was launched an year back in which blackstone is also a partner and the total fund size is expected to be US$5 billion. www.infrabeat.com

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Citi aims to raise $400 mn in India infrastructure fund

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