Apis Partners picks up 25.1% stake in L&T IDF for $110m

Photo: Bloomberg

Private equity firm Apis Partners LLP is acquiring a 25.1 per cent stake in L&T Infra Debt Fund (L&T IDF) for $110 million, according to an announcement.

L&T IDF, a subsidiary of L&T Finance Holdings and part of the engineering-to-software behemoth Larsen & Toubro Group, is a specialised re-financier of operating infrastructure projects in India with a loan book of Rs 8,000 crore.

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