ChrysCapital raises stake in Gammon India to 9%
PE firm ChrysCapital Management has strengthened its ties to Gammon India, raising its stake in the infrastructure firm from less than 7% to 9% following an INR60 crore ($13 million) investment.
ChrysCapital first invested in Gammon in 2008, picking up a 9.8% stake at a discount enabled by cheaper prices as former holders JP Morgan and HDFC Mutual Fund sought to offload their shares. It has since...
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