Trinity Capital buys 2.5 pct stake in Indian Infrastructure
4.8 mln stg
LONDON (AFX) - Trinity Capital PLC, the asset management arm of
Trinity, has paid 4.8 mln stg for a 2.8 pct stake in Indian transportation
infrastructure developer IL&FS Transportation & Networks Ltd (ITNL),
which is 90 pct-owned by Infrastructure Leasing and Finance Services
Ltd(IL&FS), also of India.
The stake represents the first allocation of a 100 mln stg partnership
with IL&FS for real estate and infrastructure investments, which
the two companies announced in August.
INTL also owns 22.6 pct of another Indian company Noida Toll Bridge
Co. Ltd, which is listed on AIM.