JPMorgan Invests $400M in India's SKIL Infrastructure

A fund managed by JPMorgan Chase & Co. is pouring $400 million into India's SKIL Infrastructure, sealing a stake of just under 20%, Reuters reported Tuesday. SKIL controls ship-builder Pipavav Defence and Offshore Engineering Ltd. The company plans to use the infusion to pay down debt, Reuters wrote.

13 September 2011•2 mins read
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