Tuesday, August 08, 2006

IL&FS in $100 million realty venture with Trinity Capital arm

Mumbai: Infrastructure Leasing & Finance Services Investment Managers (IL&FS Investment Managers) has entered into a co-investment partnership agreement with Trikona Capital, the fund manger of Trinity Capital PLC, to invest in real-estate development in India.
The joint venture, IL&FS Trikona Infrastructure, will focus on infrastructure projects in India such as ports, airports, roads, special economic zones. It will also look for opportunites to develop real estate around these infrastructure assets.The new partnership, IL&FS Trikona Capital, will bring together two of India's largest real estate funds to build a substantial platform for real estate investment and development.
The initial funding of $100 million will be done on a 50:50 basis with both Trikona and IL&FS Investment Managers providing an equal share in the joint venture.
07/08/06 domain-B
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