Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and real estate operation, which holds assets including toll ways and water treatment projects.
Formerly known as IVR Prime Urban Developers, IVRCL Assets was created in June following a restructuring at parent IVRCL Infrastructures and Projects, which has operations in the water and environment,...
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