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Private Equity | 10 March 2011

GR Infraprojects Raises Rs 80 Cr From Motilal Oswal PE, IDFC Fund

by Charmi Gutka
GR Infraprojects Raises Rs 80 Cr From Motilal Oswal PE, IDFC Fund
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Udaipur-based GR Infraprojects Ltd has raised Rs.80 Cr from Motilal Oswal Private Equity Advisors (MOPEA) and Hybrid Infrastructure Portfolio managed by IDFC Investment Advisors Ltd. The PE funds have bought a minority stake in the company.

The funds raised will be used for Shillong bypass project, other EPC projects and to meet working capital requirements.

Singhi Advisors acted as the advisor to the deal.

Transaction Reference: The Economic Times


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