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3i fund invests $161m in Indian deep-water port

By Martin Arnold, Private Equity Correspondent

Published: February 25 2009 02:00 | Last updated: February 25 2009 02:00

3i's Indian infrastructure fund gave details of a $161m (£112m) investment in a deep-water port on India's east coast yesterday - the first investment by the private equity group since a new chief executive took over last month.

The deal is important because it shows the UK's oldest private equity group has not completely frozen fresh investments, even as it fights to cut its £2.1bn debt burden.

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