MCap, IDFC invest $20m in ReGen Powertech
Subbu Subramaniam, who spun out from Baring Private Equity Partners India three years ago to form MCap Fund Advisors, has backed ReGen Powertech in his first pure private equity deal. MCap’s previous investments were PIPE deals for companies including Jyothy Laboratories and City Union Bank.
MCap and the private equity arm of Infrastructure Development Finance Corp. (IDFC) have together committed INR1 billion ($20 million) to wind turbine manufacturer ReGen. The transaction values the company...
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