GEI Power Raises Rs 100 Mn VIA CCDs
Bhopal based GEI Power Ltd raised Rs 100 mn through placement of CCDs with Banyan Tree Growth Capital LLC. The proceeds will be utilised to fund expansion plans.
GEI Power, a wholly owned subsidiary of GEI industrial Systems, manufactures structural items for power plants, transmission towers and sub-assemblies for power plant.
Banyan Tree Growth Capital is a USD 125 million Mauritius based Mezannine fund focused on attractive Indian companies with strong leadership. FMO and DEG (both Dutch Banks) are the investors in the fund.
Mumbai based Singhi Advisors were the sole financial advisors to GEI Industrial Systems for the deal.
Also Read
Banyan Tree Acquires 10% In GEI Industrial Systems
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| 1 | October 23, 2010 12:51 PM |
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Editorial
India A Bright Spot For Otherwise Insolvent CalPERS
I heard that Calfornia Pension is going to default and I started wondering what could be India's contribution to that.
