Khazanah Creates SPV with India’s IDFC

khazanah nasionalKhazanah Nasional Berhad created a special purpose vehicle (SPV) together with a subsidiary of India’s Infrastructure Development Finance Company (IDFC). The SPV will have RM 478 million in equity capital.

The SPV will assist in financing India’s national highway construction projects.

In 2011, Khazanah Nasional and the Infrastructure Development Finance Company created a joint venture to fund an infrastructure development company honing on India’s roads. Khazanah held an 80.1% stake in that venture. The first investment in their joint venture was in Jetpur Somnath Tollways Limited.

Top Ten Equity Holders of IDFC Limited Percentage
Government of India 17.27%
Khazanah Nasional Berhad 9.99%
Life Insurance Corporation of India 4.95%
LIC Nomura Mutual Fund Asset Management Company Ltd. 3.29%
J.P. Morgan Asset Management (Hong Kong) Ltd. 3.01%
Standard Chartered PLC 2.02%
First State Investments (UK) Ltd. 1.59%
Housing Development Finance Corporation Ltd 1.32%
Vanguard Group, Inc. 1.31%
Macquarie Investment Management Ltd. 1.31%

Source: Government Filings, 6/30/2012

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