India: Edelweiss unit raises $297m for infrastructure fund

Photo: Reuters

Edelweiss Alternative Asset Advisors Ltd, a unit of the Edelweiss group, on Wednesday said it had achieved the targeted base offering size of Rs2,000 crore for its infrastructure sector focused fund—Edelweiss Infrastructure Yield Plus Fund.

The fund aims to raise another Rs4,500 crore via a green shoe option in the next 12 months, the company said in a statement.

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