PE firms invest over $5b in India's cash-strapped infra sector in Q1 2019

PE firms invest over $5b in India's cash-strapped infra sector in Q1 2019

A man walks beneath a on overhead rail track for the Lucknow Metro developed by Lucknow Metro Rail Corp. in the Hazratganj area of Lucknow, Uttar Pradesh, India, on Tuesday, February 14, 2017. Photographer: Prashanth Vishwanathan/Bloomberg

At a time when banks are shying away from fresh investments in India’s cash-strapped infrastructure sector, risk capital investors are making bold bets in it, gobbling up engineering, construction and energy companies at attractive prices.

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