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