India's Elgi Equipments gets $6.5m from Nalanda
Singapore-based Nalanda Capital has bought an approximately 2% stake in compressed-air equipment manufacturer Elgi Equipments for INR420 million ($6.5 million).
Nalanda made its purchase in open market transactions, buying 1.65 million shares in Elgi on the NSE and 1.81 million shares on the Bombay Stock Exchange. The GP's investment came from its India Equity...
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