Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP. The latter will bring to the table Rs 200 crore through FDI for the planned expansion of Gayatri Infra Ventures, a subsidiary of Hyderabad-based developer Gayatri Projects.
Courtesy ET Realty 06-06-08
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