September 30, 2014 9:02 PM ET

Company Overview of SBI Macquarie Infrastructure Management Pvt., Ltd.

Company Overview

SBI Macquarie Infrastructure Management Pvt., Ltd. is a principal investment arm of State Bank of India specializing in infrastructure investments. The firm primarily invests in India. SBI Macquarie Infrastructure Management Pvt., Ltd. is based in India.

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India

Key Executives for SBI Macquarie Infrastructure Management Pvt., Ltd.

SBI Macquarie Infrastructure Management Pvt., Ltd. does not have any Key Executives recorded.

SBI Macquarie Infrastructure Management Pvt., Ltd. Key Developments

American Tower Reportedly Mulls To Bid For Viom

American Tower Corporation (NYSE:AMT) is seeking to make a bid to acquire Viom Networks Limited majority-owned by Tata Teleservices Limited, three people familiar with the matter said. American Tower is willing to value Viom at around INR 100 billion to INR 120 billion, excluding debt, one of the people said. Viom’s debt is estimated at INR 72 billion, which is expected to fall to around INR 65 billion by the end of 2014. American Tower may make a bid by March 7, said another person. It was earlier looking to place a bid by February 25, this person said. “There is a chance it will be further delayed, simply because we are still figuring out how exactly to value Viom.” Viom is 54% owned by Tata Teleservices, around 18% by SREI Infrastructure Finance Limited (BSE:523756) and the rest by private-equity firms like GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund, and SBI Macquarie Infrastructure Management Pvt., Ltd. A Viom spokesman denied any talks with American Tower, but said the company has engaged financial advisers to explore options to raise capital. “Some of the advisers have indicated a valuation range of INR 220 billion to INR 270 billion.

Viom Networks Reportedly Mulls Listing In Foriegn Bourse

Viom Networks Limited, a joint venture of SREI Infrastructure Finance Limited (BSE:523756) and Tata Sons Limited has appointed Credit Suisse and Citigroup to advise it on raising about INR 15 billion of growth capital through listing on a foreign bourse. According to sources, while the firm is most likely to list its shares on the London Stock Exchange (LSE), it is also considering the New York Stock Exchange (NYSE) and the Singapore Stock Exchange. The listing is expected over the next three to six months. It has yet to finalise the amount of equity it will dilute through the initial public offering (IPO). According to market sources, both Tata Tele and Srei Group might look at reducing their holding in Viom. At present, Tata Tele has a 54% stake in the JV, while Srei Group holds 18.5%. The remaining 27.5% is owned by a group of financial investors, including GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund and SBI Macquarie Infrastructure Management Pvt., Ltd. A spokesperson for Viom Networks said: “Though we don’t comment on speculation, we can confirm that Viom Networks and its shareholders have engaged international financial advisors to explore options for raising growth capital.” Credit Suisse and Citi did not respond to queries from Business Standard.

Viom Networks In Talks With Banks To Raise Fresh Capital

Viom Networks Limited is seeking to raise fresh capital. Sunil Kanoria, Vice Chairman and Managing Director if Viom, said that Viom leadership is in talks with six banks to finalize the ideal option to raise fresh capital, and is also talking to several private equity investors who want to buy into the tower business. Viom plans to use fresh capital to expand its pan-India tower network and reinforce its global operations, with an immediate focus on managing tower networks in Myanmar. Tata Teleservices Limited hold 54% stake and SREI Infrastructure Finance Limited (BSE:523756) 18.5% stake in Viom with a clutch of financial investors including GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund and SBI Macquarie Infrastructure Management Pvt., Ltd. collectively own 27.5% of Viom. Kanoriaadded that the fund-raising move will see some of the existing PE players exit the company to be replaced by new ones.

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