StanChart PE invests $45m in Indian engg services firm
Aug 23 2012, 14:39 | By Reuters
The private equity arm of Standard Chartered
The funds would be used for expansion and potential acquisitions, the statement said.
Inox is a manufacturer of cryogenic storage and transportation equipment, a precision engineering product used for storage and distribution of liquefied gases used in industrial applications.
Private equity investments in India were down 39.99% in the first half of this year to USD 3.81 billion from USD 6.34 billion a year ago, according to VCCircle.com, an industry tracker.
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