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IIFL Group arm invests Rs 100 cr into Kolkata firm CDE Asia

The fund will be deployed to further the Kolkata- based company's expansion plans, the IIFL Group said in a statement on Monday.

July 29, 2019 / 06:12 PM IST

IIFL Asset Management, the alternate investing vehicle of the IIFL group, has announced a Rs 100-crore fund infisusion into wet-processing equipment maker CDE Asia.

The fund will be deployed to further the Kolkata- based company's expansion plans, the IIFL Group said in a statement on Monday.

CDE Asia is a manufacturer of wet-processing equipment and is part of the England-headquartered CDE Group.

The company combines processing technology with specialised metallurgical know-how in an integrated energy- and water-efficient patented product set, it said.