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Private Equity | 13 April 2012

Asia Motor Works To Raise $100Mn For Expansion

by Charmi Gutka
 
@charmi
Asia Motor Works Limited is planning to raise $100 Mn for expansion through a mix of debt and equity.

According to ET, the funds will enable the company to build capacity to make new cabs, next generation trucks and expand manufacturing. The truck maker proposes to produce cabins locally, which were so far imported and assembled.

Asia Motor Works has recently acquired @Family_Credit Limited in an all cash deal. FamilyCredit was a wholly-owned subsidiary of Societe Generale Consumer Finance, a division of the Specialised Financial Services of Societe Generale Group, France. It offers auto loans, two wheeler loans and loyalty loans.

Pragati India Fund Invests $5Mn In Water Treatment Firm - Jash Engineering

Pragati India Fund has invested $5Mn in Indore based Jash Engineering Ltd. It will used the funds to expand capacity, strengthen the exports business and partner municipalities to generate clean power from residual water.

Read More...

Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

Read More...
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