Guggenheim takes stake in Indian Infrastructure

Reverse takeover gives Guggenheim Global Infrastructure 46% of Indian firm

Guggenheim Global Infrastructure Company has agreed to take a 46% stake in Infrastructure India as the trend grows for Western firms to team up with local companies on large-scale construction projects in the subcontinent.

Under the reverse takeover deal, Infrastructure India will acquire £119m of Guggenheim assets including 50% of India Hydropower Development Company and up to 99.99% of Vikram Logistic & Maritime Services.

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