India: Edelweiss unit plans $1b infrastructure fund

Edelweiss
Nitin Jain, chief executive (global asset and wealth management) at Edelweiss. Photo: Mint

Financial services-focused Edelweiss group’s Edelweiss Alternative Asset Advisors Ltd (EAAA), an investment manager, on Thursday announced that it will soon launch an infrastructure-focused fund—Edelweiss Infrastructure Yield Plus—for which the firm plans to raise as much as Rs6,500 crore (approx $1 billion).

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