Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

13 May 2021 CW Team

Mark AB Capital, a Dubai-based multi family office, will acquire a 26% stake in Shriram EPC, an engineering, procurement, and construction (EPC) contractor at Rs 350 crore.

The company's board of directors will meet on May 19 to discuss and consider the issuance and allotment of equity shares by way of a preferential issue to a prospective investor, as well as NCDs to the lenders, according to the notice. Lenders and other agencies must approve the deal before it can go through.

Shriram Group has been struggling to manage the EPC. Its revenues for the fiscal year ended March 2020 were Rs 681 crore, with a net loss of Rs 681 crore and a net loss of Rs 81 crore.

The EPC industry necessitates perseverance and a long-term investment commitment. It is considered to be a good fit because Mark AB has EPC investments all over the world.

T Shivaraman, MD and CEO of Shriram EPC, told the media that the company will take over the management and become the new promoters, and we will provide some hand-holding until they are completely rooted in.

India's EPC industry is experiencing a period of growth. In the second year of the Covid-19 pandemic, strong order books and better operational preparedness will swell top-lines of mid-sized EPC companies by 15% this fiscal, compared to a nearly 10% fall last fiscal, Credit Rating Information Services of India Ltd informed the media.

Shriram EPC is a construction engineering company based in India with SVL Ltd as its parent organisation.

Mark AB Capital is the multi-family office and merchant banking arm of several large Middle Eastern family groups.

Image Source

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..