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Citigroup, Blackstone plan $5 bn India Infrastructure Fund

Citigroup, Blackstone plan $5 bn India Infrastructure Fund
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First Published: Thu, Feb 15 2007. 05 17 PM IST
Updated: Thu, Feb 15 2007. 05 17 PM IST
By Agencies
Citigroup Inc., Blackstone Group Holdings LP and two Indian finance companies have signed an agreement to start a $5 billion infrastructure fund.
The fund will aim to improve the country’s roads, ports and other facilities, the Indian finance ministry said in an e- mailed release today.
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First Published: Thu, Feb 15 2007. 05 17 PM IST