Gayatri Infra Ventures Ltd, a wholly owned subsidiary of Gayatri Projects Ltd has entered into a definitive agreement with AMP Capital Finance Mauritius.
Under the agrement, AMP Capital Finance Mauritius has agred to invest Rs 100 crore in the first tranche in equity share of GIVL. These funds would be utilised to meet ongoing needs of existing projects as well as future bids and concessions undertaken by GIVL.
AMP Capital will also consider a further equity injection of Rs 100 crore as and when the need materialises. GIVL will be investing in infrastructure sector involved in construction, operation and maintenance of roads, highways, bridges and make downstream investments in other Indian companies undertaking such projects in India.