Baring, Fidelity, Sequoia back Coastal Projects
Baring Private Equity Asia is reportedly due to join existing investors Sequoia Capital and Fidelity Investment Holdings by committing some $50-60 million to Hyderabad-headquartered infrastructure play Coastal Projects, which operates across sectors including wind, thermal power, roads, hydroelectric power and dams, as well as tunneling and mining.
The new investment reportedly consists of a sale of equity by an existing stakeholder, with Sequoia and Fidelity enlarging their stakes. Other existing investors CVC International and Deutsche Bank will...
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