Infrastructure India : IIP – Fund raise

Infrastructure India has announced proposals to raise up to $102m (c £60m) by way of a placing at a price of 18p per share (closing price on 14 July = 14.5p). An EGM is being held on 11 August to seek the necessary authority from shareholders.

IIP is an AIM quoted investment company focused on investment in Indian infrastructure. There are currently five assets in the portfolio (two of which are wholly owned) with exposure to rail logistics, hydro electric power, a toll road and wind farms. IIP currently has total net assets in the region of £230m.



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