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Mercedes Benz Financial, a Chinese firm that has long been under scrutiny by India’s financial regulators, has launched a new investment fund.
The fund, which has already raised $5.7 billion through the sale of its stake in Tata Steel Group, will seek to grow the size of its fund by around 20 per cent by 2021.
The company has also announced that it will also acquire an additional stake in a large property in Bangalore, the capital of India’s capital region.
Ahead of the launch, senior analysts said the fund’s assets would be worth around $7 billion, with the majority of its money being in the property.
The investment fund’s investment strategy will include a series of investment opportunities for corporate and institutional clients, including infrastructure projects, corporate partnerships, acquisitions, mergers and acquisitions, and infrastructure projects.
The firm also plans to invest in property in India.
Mercedes Benz Investment Trust and Mercedes-Benz India are the world’s largest automotive dealers.
The company has a presence in more than 100 countries and has investments in more 50 countries.