Beacon India acquires 1.3% stake in PE-backed construction firm
Beacon India Private Equity Fund, a $200 Million Indian growth capital vehicle, has acquired a 1.3% stake in NCC, a listed construction and infrastructure enterprise backed by The Blackstone Group and ChrysCapital Advisors. The transaction is worth INR216.4 million ($4.5 million).
Beacon India purchased the stake in NCC at INR62.69 per share, VCCircle reported. NCC's current market cap is around INR15.8 billion and its share price has nearly doubled since the start of the year....
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