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