Clearwater ups Diamond Power stake in India
Clearwater Capital Partners has taken a larger stake in Indian power transmission and services company Diamond Power Infrastructure Equipment with a 2.2% secondary market purchase for around $2.25 million, taking its total holding to some 13.77%.
Clearwater first invested in the business, formerly known as Diamond Cables, in 2006, and Clearwater partner Amit Gupta and director Jayshree Krishna sit on its board. Diamond Power has progressively expanded...
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