{"id":431728,"date":"2021-08-24T08:48:07","date_gmt":"2021-08-24T03:18:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431728"},"modified":"2021-08-24T09:35:27","modified_gmt":"2021-08-24T04:05:27","slug":"i-squared-capital-invests-200-mn-in-singapore-based-agp-city-gas-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/i-squared-capital-invests-200-mn-in-singapore-based-agp-city-gas-2\/","title":{"rendered":"I Squared Capital invests $200 mn in Singapore-based AG&amp;P City Gas"},"content":{"rendered":"<p>After showing interest in Bharat Petroleum Corporation (BPCL) stake sale through its arm Think Gas, private equity major I Squared Capital has invested approximately $200 million in Singapore-based AG&amp;P City Gas, which is developing twelve city gas distribution networks in India.<\/p>\n<p>The investment has been made through ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, as a first tranche of a $300 million equity raise in AG&amp;P City Gas. I Squared Capital said it is planning to deploy up to $1.3 billion as capital expenditure to develop the distribution networks. AG&amp;P City Gas is present in India under the brand name AG&amp;P Pratham. AG&amp;P City Gas was previously wholly-owned by the Atlantic, Gulf &amp; Pacific Group (AG&amp;P), a Singapore-based downstream liquefied natural gas business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After showing interest in Bharat Petroleum Corporation (BPCL) stake sale through its arm Think Gas, private equity major I Squared Capital has invested approximately $200 million in Singapore-based AG&amp;P City Gas, which is developing twelve city gas distribution networks in India. The investment has been made through ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, as a first tranche of a $300 million equity raise in AG&amp;P City Gas. I Squared Capital said it is planning to deploy up to $1.3 billion as capital expenditure to develop the distribution networks. AG&amp;P City Gas is present in India [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-431728","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431728"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431728\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}