The joint venture, Ample Parks, was launched in 2022, with the investment plans being announced last year
The deal sees Actis take charge of Stride’s 371MW (414MWp) portfolio of operating solar PV assets spread across 21 projects in 7 states, the majority of which are concentrated in the state of Gujarat
Mahindra Lifespaces and Actis announced the collaboration in 2022, with the joint venture aimed at developing industrial and logistics infrastructure across India
Profectus Capital is registered with the RBI as a systematically important non-deposit-taking NBFC and focuses on two clusters - services and manufacturing
The fundraise also saw participation from various domestic institutional investors such as mutual funds, corporate treasuries and pension funds.
This is the second roads portfolio to be acquired by Actis in India, through its Long-Life Infrastructure Fund.
Snack maker Balaji Wafers is in separate talks with private-equity funds, including Blackstone Group and Actis, to raise between USD 100 million and USD 125 million.
Tour operator Thomas Cook has received at least eight bids, including from private equity firms Kohlberg Kravis Roberts and Carlyle Group, for buying the company's stake in its Indian unit, the Business Standard reported on Thursday.
Private equity fund Actis is likely to exit the lightings maker Halonix (formerly known as Phoenix Lamps), reports CNBC-TV18’s Nimesh Shah quoting sources.
Halonix touched an intraday high of Rs 104.40 and an intraday low of Rs 88. At 13:53 hrs the share was quoting at Rs 101, up Rs 13.50, or 15.43%.