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.
Rajeswari Infrastructure is planning to raising $5 Mn in FDI for its new residential projects in Chennai - Trillium.