Date:05/08/2008 URL: http://www.thehindubusinessline.com/2008/08/05/stories/2008080550840300.htm

Back AMP to invest in Gayatri Infra

Hyderabad, Aug 4

AMP Capital Finance Mauritius Ltd, part of Australia-based AMP Group, will invest Rs 200 crore equity in Gayatri Infra Ventures Ltd (GVIL), floated by Gayatri Projects Ltd (GPL). AMP will release Rs 100 crore as the first tranche to get 29 per cent equity in GVIL. “This investment is part of our forthcoming Asian Joints Infrastructure Fund, which will invest in infrastructure projects in India and China,” Mr Anoop Seth, Managing Director of AMD Capital India, t old newspersons here on Monday. The remaining Rs 100 crore in the deal would be invested based on requirement in future, he added. According to Mr T.V. Sandeep Reddy, Director of Gayatri Projects Ltd, the joint venture between Gayatri and AMP would focus exclusively on Build Operate and Transfer (BOT) projects in transportation infrastructure sector. “Gayatri Projects will have 71 per cent equity in GVIL with a total investment of Rs 600 crore out of which Rs 125 crore is already invested. We may have more investors and go public in future but Gayatri will maintain a minimum majority stake of 51 per cent at any time,” he said. The Hyderabad-based GPL had transferred its five BOT projects which carry Rs 2,000 crore investment to GVIL. —

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