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Last Updated : Mar 03, 2012 09:51 AM IST | Source: CNBC-TV18

3i to hold 49% in 4-road project portfolio: Supreme Infra

In an interview with CNBC-TV18, Vikram Sharma, managing director of Supreme Infrastructure says, 3i India will hold about 49% at the holding company level that has four BOT projects.


3i India Infrastructure Fund has entered into an agreement for an investment of around USD 61 million for a minority stake in a portfolio of road BOT companies of Supreme Infrastructure India.


In an interview with CNBC-TV18, Vikram Sharma, managing director of Supreme Infrastructure says, 3i India will hold about 49% at the holding company level that has four BOT projects.


Below is the edited transcript of his interview with CNBC-TV18's Reema Tendulkar and Ekta Batra. Also watch the accompanying video.


Q: Can you just take us through the details of this entire project of this entire investment? How much would 3i India hold on the company level?


A: They will hold about 49% at the holding company level, step below Supreme Infra, a holding company that holds four BOT projects.


Q: Could you tell us how many other road projects do you all have? Are you planning to get in investments for the other ones as well? Do you need the funding?


A: We have total as a portfolio of about eight projects right now. Seven of them are out and out road projects. One is suppose to be a funicular ropeway project. These are the BOT portfolios that we have as a company. Out of these four projects is one holding company where 3i has invested.


In the other four projects, there is no immediate requirement as of infusion of funds because they are all spaced out amongst each other. One of them has already started tolling. One would go to tolling in another five to six months. The balance three basically will take about two years to get completed. So, it

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First Published on Jan 31, 2012 02:11 pm