Bumi raises private equity investment of Rs 40 cr
Bumi Geo Engineering Pvt Ltd, a geo engineering company serving the infrastructure sector, has raised a private equity investment of Rs 40 crore from Alcazar Capital Holdings Ltd.
By ET Online |
MUMBAI: Bumi Geo Engineering Pvt Ltd, a geo engineering company serving the infrastructure sector, has raised a private equity investment of Rs 40 crore from Alcazar Capital Holdings Ltd.
Alcazar is a $400 million private equity fund regulated by the Dubai Financial Services Authority.
Bumi currently operates in India, Singapore, Dubai and Europe. Within India, it currently serves the power and urban infrastructure sub-sectors. Its projects involve several hydro-electric power plants and urban projects including the Delhi Metro.
���This investment will help Bumi capitalise on the huge opportunity in geo engineering in India and abroad and consolidate its position as an Indian multi-national company in this space," said B Jaikumar, Chairman & MD, Bumi Geo.
Bumi was founded in 2002. The company currently employs more than 2,000 people and is headquartered in New Delhi.
JM Financial Consultants was the financial adviser to the transaction.
Alcazar is a $400 million private equity fund regulated by the Dubai Financial Services Authority.
Bumi currently operates in India, Singapore, Dubai and Europe. Within India, it currently serves the power and urban infrastructure sub-sectors. Its projects involve several hydro-electric power plants and urban projects including the Delhi Metro.
���This investment will help Bumi capitalise on the huge opportunity in geo engineering in India and abroad and consolidate its position as an Indian multi-national company in this space," said B Jaikumar, Chairman & MD, Bumi Geo.
Bumi was founded in 2002. The company currently employs more than 2,000 people and is headquartered in New Delhi.
JM Financial Consultants was the financial adviser to the transaction.
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