The emerging markets specialist and the Malaysian sovereign wealth fund will invest INR8.4bn in the infrastructure company, which has also raised an additional INR26.5bn from other investors in a qualified institutional placement.
Olympus Capital's investment in two coal special purpose vehicles owned by the Tata Group subsidiary will give the firm stakes in two Indonesian coal mines.
The Indian alternative asset manager will lists its shares on the Indian bourses and will use part of the proceeds from its IPO to seed an infrastructure fund and an SME-focused fund.
The London-listed private equity firm will not replace its departing Asian buyout head and has merged its buyout and growth capital teams in Singapore.
The Singapore-headquartered infrastructure fund manager formerly known as CIMB Standard has hired David Osborne and Craig Martin as managing directors from 3i and Prudential respectively.
In continuing its drive to draw more foreign capital to improve domestic infrastructure, the Indian government will discuss the formation of an infrastructure fund with Temasek Holdings.
The private equity infrastructure manager focused on Central and Southeast Asia will also begin fundraising for its second Southeast Asia-focused fund in Q3.