Bessemer Venture Partners will invest Rs.20 Cr in Mumbai-based power generation company, CleanMax Enviro Energy Solutions Pvt Ltd (CMES).CMES is founded by Kuldeep Jain, a former partner at McKinsey. Company plans to use gas-based power and cooling solutions to offices and shops in India.
Transaction Reference: Economic Times
Crompton Greaves Ltd has acquired Sweden-based Emotron Group for 57.8 Mn Euros ($82.3 Mn).
Minda Industries is forming a 70:30 JV with Kosei International Trade and Investment Company Ltd., a Kosei Group company for manufacturing and supply of alloy wheels for passenger vehicles.