Sri City to raise $50 mn from PE

Sri City, south India’s largest private special economic zone (SEZ), is planning to raise around $50 million (Rs 220 crore) from private equity (PE) investors for its proposed infrastructure development.

The SEZ, located at Tada in Nellore district of Andhra Pradesh, is coming up on 6,000 acres of land and will be developed over the next 8-10 years

http://www.business-standard.com/india/news/sri-city-to-raise-50-mnpe/39...