ICICI Venture, Indivision pick up stake in Tops Security
ICICI Venture and Indivision, a private equity arm of Future Capital Holdings, have picked up stake in Tops Security Ltd, flagship and holding company of security solutions provider TOPSGRUP.
By INDIATIMES NEWS NETWORK |
MUMBAI: ICICI Venture and Indivision, a private equity arm of Future Capital Holdings, have picked up stake in Tops Security Ltd, flagship and holding company of security solutions provider TOPSGRUP.
ICICI Venture invested Rs 115 crore for 13.69% equity stake. Indivision, which already owned 4.94% stake, increased its stake to 7.08% with investment of Rs 25 crore.
This is the first ever investment by private equity players into the growing domestic security business.
Rakesh Jhunjhunwala owns 12.7% stake and is also a director on the board of the company.
ICICI Venture invested Rs 115 crore for 13.69% equity stake. Indivision, which already owned 4.94% stake, increased its stake to 7.08% with investment of Rs 25 crore.
This is the first ever investment by private equity players into the growing domestic security business.
Rakesh Jhunjhunwala owns 12.7% stake and is also a director on the board of the company.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
