Helix backs Hi-Rel Electronics MBO in India
Helix Investments is injecting $11 million into India's Hi-Rel Electronics Pvt. Ltd. to back a management buyout of the Ahmedabad-based industrial automation, power supply and power control company.
Helix described Hi-Rel as one of the top two players in its business area in India, and likely to benefit from the continued buildout of India's industrial base. H-Rel will use the funding to increase...
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