Wednesday 14 July 2010

SBI, Oman's SGRF set up $100 mn India equity fund-Finance-Banking/Finance-News By Industry-News-The Economic Times


The country's largest lender SBI and the sovereign wealth fund of Oman today set up a fund with an initial corpus of $ 100 million (about Rs 450 crore) to pick up equity in Indian projects.

The agreement to establish the fund was inked by SBI Chairman O P Bhatt and State General Reserve Fund (SGRF) CEO Warith Al-Kharusi and it will be expanded to $1.5 billion (about Rs 6,750 crore) in due course.

Oman Minister of National Economy Ahmed Macki said the fund will start immediately.
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1 comment:

  1. Financial PlanningFriday, July 16, 2010 10:11:00 am

    According to the agreement, the fund will explore opportunities in all sectors, even as Planning Commission Deputy Chairman Montek Singh Ahluwalia said India would like to see investment in infrastructure.

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