Clearwater Capital takes additional 4% stake in India's Jamna Auto, lifting its total control to 30%
Private Equity firm Clearwater Capital Partners has taken an additional 4.03% stake in Jamna Auto Industries for approximately $3.2 million, strengthening its ties to the company in which it already has a 26.29% stake.
The investment was made from Clearwater Capital Partners' Singapore Fund III Pvt Ltd. Jamna is said to be the largest manufacturer of tapered leaf and parabolic springs for commercial vehicles (CVs)...
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