New Silk Route (NSR) may invest Rs.300 Cr in engineering services firm ETA Engineering Pvt Ltd for 25% stake, valuing the company at Rs.1200 Cr.
The funds raised may be used to fund its ongoing and upcoming projects.
NSR will subscribe mostly to fresh shares apart from buying a small part of the promoter holding. Veda Corporate Finance is the advisor to the transaction.
Transaction Reference: The Times of India
JSW Steel Limited has bought Bellary Steel & Alloys' assest for Rs.210 Cr from consortium of lenders led by project lender IFCI.
Mahindra Partners, the incubator cum PE fund, is in talks to acquire online babycare retailer, Babyoye. The acquisition is likely to be made through Mahindra Retail.