Reuters: Private Equity: India's L&T Infra eyeing $250-$300 mln from PEs-sources

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

India's L&T Infra eyeing $250-$300 mln from PEs-sources May 24th 2012, 12:00 MUMBAI | Thu May 24, 2012 8:00am EDT MUMBAI May 24 (Reuters) - India's L&T Infrastructure Development Projects Ltd (L&T IDPL) is in talks with private-equity investors including Temasek Holdings to raise $250 million to $300 million, three sources with direct knowledge of the matter said. Emerging markets private-equity firm Actis and India's IDFC Project Equity are also in separate talks to invest in the company, said the sources, declining to be named. L&T IDPL, a unit of India's top engineering conglomerate Larsen and Toubro, builds roads, bridges, ports and metro rail. It is currently handling projects worth 400 billion rupees ($7.2 billion), according to the company website. The company will use the private-equity funding for capital expenditure purposes, two of the sources said. A Larsen & Toubro spokesman declined to comment. Actis' head of South Asia, J.M. Trivedi, did not immediately respond to an email seeking comment, while officials at IDFC Project Equity and Singapore state investor Temasek were not available. ($1=55.7 rupees) (Reporting by Sumeet Chatterjee and Indulal P.M.; additional reporting by Saeed Azhar in SINGAPORE; Editing by Aradhana Aravindan)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions