Standard Chartered PE commits $22m to India’s Karaikal Port
Standard Chartered Private Equity (SCPE) has invested INR1.3 billion ($22.8 million) in Karaikal Port, a unit of Indian infrastructure and real estate company Marg Group. It joins existing PE shareholders IDFC Project Equity, Ascent Capital Advisors and Jacob Ballas.
The new funds will be used to expand the port's capacity from 21 million metric tons per annum to 28 million tons. As part of the transaction, Rahul Raisurana, a managing director at SCPE, will join Karaikal...
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