Dubai-based Mark ab Capital is planning to infuse round Rs 350 crore in Shriram EPC (SEPC), which is concentrated on offering turnkey options.
SEPC is managed by T Shivaraman, eldest son of Shriram Group founder R Thyagarajan.
Shriram EPC, a listed entity, stated its Board at the moment met and mentioned the revised time period sheet from Mark ab Capital, which is able to are available in as a strategic investor. The Board mentioned the issuance and allotment of fairness shares by means of preferential situation for a complete worth of as much as Rs 350 crore.
Mark ab manages $1.09 billion belongings beneath administration. It has publicity to 9 EPC companies in Kuwait, UAE, North Africa and Russia, and investments in telecom and actual property as nicely.
The $183 million SEPC supplies end-to-end options to engineering challenges providing multi-disciplinary design, engineering, procurement, development and mission administration providers. SEPC is concentrated on offering turnkey options within the enterprise segments together with course of & metallurgy, energy, water infrastructure and mining & mineral processing.