India’s IFCI invests $56m in Gayatri Energy
Gayatri Energy Ventures has reportedly raised INR250 crore ($56.2 million) from the Industrial Finance Corporation of India (IFCI) through the issuance of compulsory convertible debentures, marking the largest-sized tranche ever invested by IFCI.
IFCI has made past investments in companies including Lokesh Machines and Shakti Pumps in the region. Gayatri Energy is a domestic venture firm and a subsidiary of Gayatri Projects Ltd., which deals in...
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