NEW DELHI: India’s National Investment & Infrastructure Fund is in talks to raise at least 20 billion rupees ($244 million) for an infrastructure investment trust, according to people familiar with the matter.
The vehicle would include some assets from Athaang Infrastructure, which operates toll roads, according to one of the people, who declined to be identified because the information is private. The investment will be a private placement and the fund raising should take place by September, another person said.
