Monday, April 2, 2007

JP Morgan PE fund to invest Rs. 250 crores in railway engineering firm

New York-based private equity firm JP Morgan One Equity is acquiring 26% stake in Hyderabad-based Patil Infrastructure Holding for around Rs. 250 crores, valuing the firm at around Rs. 1000 crores. The announcement is expected in a couple of weeks.

Patil Infrastructure focuses on railway track engineering. The group has its activities spread in manufacturing of concrete sleepers, rail fittings for normal lines, elevated and underground track for metro rail, switches and crossings, ballast-less track suitable for high-speed lines, bridges, tunnels and aprons.

Read more in The Economic Times article.

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