022 24172311
Venture Capital
Private Equity

DataBoard Demo
Private Equity | 2 May 2012

TVS Capital, Summit Invest R52Cr In ReGen Powertech

by Irfan Khan
TVS Capital, Summit Invest R52Cr In ReGen Powertech
Share on Social Media Email Facebook Twitter Linkedin
ReGen Powertech has raised R52Cr from TVS Capital and Summit FVCI - a fund advised and managed by MCap. TVS Capital has invested R37Cr for a 1.95% stake while Summit has invested R15Cr in the company valuing ReGen at R1,850Cr. M Cap, through Summit, will now hold around 3% in ReGen Powertech.

The funds will be used for expanding its manufacturing capacity at its Udaipur plant, as well as for project development.

This capital infusion is an extension of the round of funding that the company did in December 2011, and extending to January 2012. IDFC Private Equity and M Cap Advisors had invested R100Cr in that round, a transaction that valued ReGen at R1,600Cr.

Regen Powertech is a Chennai based wind turbine manufacturer promoted by Nuziveedu Seeds Group. The company has a strategic alliance with Vensys Energy AG and sells its wind turbines under a licence from and under the brand name of Vensys.

Seedfund Invests In Innoz Technologies

Seedfund Invests In Innoz Technologies

Kerala based mobile technology firm - Innoz Technologies Pvt Ltd has raised funding from Seedfund.


Snapdeal raises $21m from Luxembourg Clouse SA

Snapdeal raises $21m from Luxembourg Clouse SA

Jasper Infotech Pvt. Ltd., that regulates e-commerce platform Snapdeal, has raised over $21 million as part of its earlier announced funding round from Luxembourg-based firm Clouse SA. As a separate entity, BlackRock Inc. - the mutual-fund investor in Snapdeal has also retained its valuation in the digital marketplace.

Enter your Email address
to receive all the news