022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Private Equity | 4 May 2012

Machdar Motorsports To Raise R200Cr For i1 Super Series

by Charmi Gutka
Machdar Motorsports To Raise R200Cr For i1 Super Series
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Machdar Motorsports Private Limited is planning to raise R200Cr from PE funds.

The funds raised will be used for i1 Super Series (Indian racing League) to be held next year to pay the drivers, cars and also the venues.

Machdar Motorsports launched a new racing championship called the i1 Super Series. The inaugural series is planned for the 2013 season. The races will be held at FIA approved motorsport circuits around Asia. The championship will have a prize money of $2 Mn.


The league comprises on nine teams which are city based franchises. Each team will be represented by two drivers, at least one of whom must be a certified Indian driver. Each team will race with two cars, thus forming an 18-car grid.


EFS Facilities Acquires Facility Service Provider - Dalkia India

EFS Facilities Acquires Facility Service Provider - Dalkia India

Dubai based EFS Facilities Services has acquired New Delhi based facility management service provider - Dalkia India Pvt Ltd for an undisclosed amount.

Read More...

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.

Read More...
Subscribe
Enter your Email address
to receive all the news