MUMBAI (Reuters) – Private equity firm 3i (III.L) is likely to close one infrastructure equity investment in India by February-end, a top official said on Thursday.
The deal value is likely to be more than $100 million, Anil Ahuja, head of Asia at the firm, told reporters on the sidelines of a private equity conference.
“It would be a stake in an unlisted firm which has one project now,” he said.
The investment will be made out of the $1.2 billion India Infrastructure Fund the firm closed in April 2008. It has made two investments so far, worth about $330 million.
(Reporting by Narayanan Somasundaram; Editing by Mark Williams)