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Private Equity | 18 January 2011

New Silk Route May Invest Rs 300 Cr In ETA Engineering

by Deeshesh Chheda
New Silk Route May Invest Rs 300 Cr In ETA Engineering
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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


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