Mumbai metals trader seeks PE investment
Ushdev International, a Mumbai-based metals trader and wind farm operator, is seeking to raise $20-40 million from private equity investors. Managing Director Prateek Gupta said the company is in talks with a couple of PE firms about the possibility of selling a 10-20% equity stake, Reuters reported.
Ushdev handled 6% of all traded steel in India between April and December of last year. It wants to expand its core metals trading to incorporate non-ferrous as well as ferrous metals and is planning to...
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