022 24172311
Venture Capital
Private Equity

DataBoard Demo
Private Equity | 6 December 2012

Stan Chart PE Invests In Ocean Sparkle

by Sushil Surana
Stan Chart PE Invests In Ocean Sparkle
Share on Social Media Email Facebook Twitter Linkedin

Standard Chartered PE has invested R200 Cr for minority stake in Ocean Sparkle Limited, a port operations and management services company.

The company will use part of the funds for financing its capital expenditure and remaining to expand the client base and add new businesses catering to offshore exploration.

As part of this investment, Rahul Raisurana, MD, Standard Chartered PE will join OSL’s Board.

Promoters - a group of marine professionals hold 55% stake in the company leaving the rest with financial investors like IFC Washington, Eredene Capital, India Equity Partners and Park Equity Holdings.

Founded in 1995, Ocean Sparkle Limited (OSL) and its JV companies, collectively referred to as the OSL Group are engaged in the provision of marine vessels and comprehensive port management services across various major, non major and captive ports in India. OSL is promoted by P. Jairaj Kumar, Sanjeev Dhawan, A.K. Sawhney and R.Virender Prasad.

Ocean Sparkle, with a fleet of 81 offshore vessels, operates in most of India's leading ports servicing top corporate clients Reliance Industries, Dempo and Salgaonkar. Investment bank MAPE Advisory is brokering the deal for Ocean Sparkle, which offers pilotage, mooring and transhipment services.

Reliance Secures Funds From Exim Bank Of The U.S

Reliance Secures Funds From Exim Bank Of The U.S

Reliance Industries Limited secured $2.1 bn loan from Export-Import Bank of the United States, which includes $1.06 bn direct loan and to guarantee a $1.06 bn JPMorgan Chase loan to the company.


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