CLSA Capital Partners, a member of France's Crédit Agricole Group, announced that CLSA ARIA Investment Partners III LP and CLSA Clean Resources Asia have co-invested US$20.3 million in Luminous Power Technologies Ltd.
This is the seventh investment by Aria Investment Partners in India. Managing Director of LPT Rakesh Malhotra said, “This investment by CLSA will provide a strong impetus to our future growth in India and markets across Asia, Africa and Latin America. With this investment we will also be able to execute our strategy of offering high technology Power Electronics and Energy Storage products for the renewable energy sector.”
Luminous Power Technologies is a manufacturer of Inverters, UPS, Deep Cycle and Automotive Batteries and a range of water purification and other home appliances.CLSA Capital Partners is the alternative asset management arm of CLSA Asia-Pacific Markets, with US$1.5 billion under management.
Source: RTT News
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CLSA buys 10.92% stake in Sanghvi Movers
Showing posts with label CLSA Capital Partners. Show all posts
Showing posts with label CLSA Capital Partners. Show all posts
Tuesday, June 19, 2007
Wednesday, January 24, 2007
CLSA buys 10.92% stake in Sanghvi Movers
Business Standard reports that foreign fund CLSA Capital Partners has bought 10.92% stake in mid-cap Sanghvi Movers, a flagship of the Sanghvi Group, one of Asia’s largest crane-hiring companies. The board of Sanghvi Movers has allotted 8.8 lakh equity shares of the company at Rs. 825 a share, aggregating to Rs 72.6 crores to Goldpeak, a subsidiary of Aria Investment Partners III, which is one of CLSA Capital Partners’ funds, on a preferential basis.
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