News

GIC to invest $621m in India road business

Singapore’s sovereign wealth fund, GIC, will invest $621.5 million in the road and highway assets of India’s IRB Infrastructure Developers Limited. IRB will move nine existing assets into a private infrastructure investment trust and will hold a 51% controlling stake. GIC will have a 49% share in the investment manager. In a statement on August 6, 2019, IRB said the portfolio spans 1,200 kilometres across multiple states, including Haryana, Uttar Pradesh, Rajasthan and Gujarat, Maharashtra and Karnataka. Virendra Mhaiskar, chairman and managing director of IRB, said the investment from the sovereign wealth fund demonstrates confidents in the firm’s ability “to build quality infrastructure for India”. He added: “IRB and GIC plan to also explore future road sector opportunities in India together”. ©2019 funds global asia

Executive Interviews

Executive interview: Timing the market

Oct 17, 2019

Amy Cho, Schroders’ Hong Kong chief executive and regional head of intermediary clients, tells Romil Patel about Hongkongers’ love of investing, staying nimble in a volatile market and following...

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.

Roundtables

Roundtable: Priming for Asia’s growth

Oct 17, 2019

Panellists discuss expanding product capability across Asia-Pacific, the opportunities and regulatory challenges around data and the prospects for ETFs in the region. Chaired by Romil Patel in Hong Kong.

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.