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Old Lane invests in Chennai

Posted by g.e. on November 19, 2006

US private investment firm Old Lane and city-based infrastructure development company R R Industries today announced a joint venture to set up an information technology park on the outskirts of Chennai.

A total of $110 million (Rs 510 crore approx.) is being invested in RR Skyline project, for which Old Lane and RR Industries will put in $45 million on a 50:50 basis. The balance would come by way of client deposits and bank borrowings, Guru Ramakrishnan, co-founder & MD of Old Lane, and R Ravi, CEO of RR Inds, said here.

Old Lane has more than $4 billion (Rs 18,000 crore) in asset management, including a $500 million (Rs 2,250 crore) India dedicated private equity fund, which is to be invested in infrastructure, real estate and corporate sectors, Ramakrishnan said.

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Love Infra. Love SREI

Posted by g.e. on September 28, 2006

Whether it is Pilot training for the exploding airtravel market in Asia or the Silicon Wafer Mfg plan for Solar Cells in India, SREI shows what an opportunity India is when it comes to Infrastructure.

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