PE fund may invest Rs 4 bn in cement firm
Cement

PE fund may invest Rs 4 bn in cement firm

A private equity fund may invest Rs 400 crore to set up a captive power plant in the Kurnool cement unit of Sree Jayajothi Cements. The PE fund is also expected to pay the erstwhile promoters of Sree Jayajothi Cements. It's likely to improve Shriram EPC's liquidity as it also has a stake in that company. The deal will be finalised by the year end.

Contact: Sree Jayajothi Cements.
Tel: 044-4040 6373.
Fax: 044-4350 6171.
E-mail: sjcl@jothicements.com
Website: www.jayajothi cements.com

A private equity fund may invest Rs 400 crore to set up a captive power plant in the Kurnool cement unit of Sree Jayajothi Cements. The PE fund is also expected to pay the erstwhile promoters of Sree Jayajothi Cements. It's likely to improve Shriram EPC's liquidity as it also has a stake in that company. The deal will be finalised by the year end. Contact: Sree Jayajothi Cements. Tel: 044-4040 6373. Fax: 044-4350 6171. E-mail: sjcl@jothicements.com Website: www.jayajothi cements.com

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