GR Infraprojects Raises Rs 80 Cr From Motilal Oswal PE, IDFC Fund
by Charmi Gutka
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.
Cargill India Pvt Ltd is planning to buy 57% stake in Ahmedabad-based NK Proteins Limited (NKPL) for around Rs.655 Cr, valuing the company at Rs.1,150 Cr. The deal will help Cargill India expand its presence in India's edible oil market.