Private Equity

PE Fund Investments

Trust investment, Allianz Global invest Rs.975-Cr in GI hydro bonds

Economic Times  

GI Hydro, a hydro power generating company formerly known as Gati Infrastructure, has raised INR 975 crore by issuing bonds to investors including alternate investment fund Trust Investment Advisors and global asset manager Allianz Global Investors. GI Hydro, which operates 110 mw hydro power projects in Sikkim, will use the proceeds to repay existing lenders, including REC Ltd and Edelweiss Asset Reconstruction Company.