WASHINGTON--(BUSINESS WIRE)--A subsidiary of Franklin Park Investments, Franklin Park Management, has completed the arrangement of a $102 million placing of common shares on behalf of Infrastructure India PLC (“IIP”). IIP is focused on building and operating critical energy and infrastructure assets in India. The majority of the funding from the placing will be used to complete construction of the container handling and logistics facilities of Vikram Logistic and Maritime Services (“VLMS”). Upon completion of construction VLMS is expected to be the largest private sector integrated multi-modal logistics company in India.
Franklin Park Management is the investment manager of IIP.
Thomas Tribone, CEO of Franklin Park Investments, stated, “India clearly has significant needs for investment in its energy and transport infrastructure. VLMS is a key part of India’s transportation logistics sector and this financing will allow VLMS to realize its full potential.”
Franklin Park Investments develops, owns and manages infrastructure assets including conventional and renewable energy projects, road and rail transport and shipping and logistics in the United States, Latin America, India and China.