APG, Piramal Enterprises plan to raise $500m for second India infra fund: Report

Photo: Reuters

Dutch pension fund manager APG Asset Management and Ajay Piramal-controlled Piramal Enterprises are planning to raise a second fund of about $500 million to invest in infrastructure projects in India, Business Standard reported.

For the first fund, the two entities had announced a joint corpus of $750 million in 2014, most of which has already been invested, the report said.

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