Singapore-based DMI Income Fund today said it has invested USD 7.8 million (about Rs 50 crore) as debt in realty firm Ansal API and plans to invest up to USD 250 million in Indian credit market.
Foreign portfolio investor DMI Income Fund “invested USD 7.8 million in June in non-convertible Debentures issued by the Delhi-based Ansal API group”, the statement said. This is DMI Income Fund’s first investment in the Indian credit space. Delhi-based Ansal API is developing various townships in north India. DMI Income Fund was created to provide foreign investors a platform to participate in India’s rapidly growing credit markets.
