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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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