L&T Infra Debt Fund Ltd (L&T IDF), an infrastructure debt fund run by L&T Finance Holdings Ltd, said it has called off a $110 million equity investment by private equity firm Apis Partners. L&T IDF had in April last year announced that it had entered into an agreement with Apis Partners for the PE investor to acquire a minority stake of 25.1% for $110 million. Of the total investment, 70% of the capital was to come into L&T IDF as growth capital and the remainder to purchase shares from existing shareholders of L&T IDF.

(Dealstreet Asia)