ICICI Venture has invested Rs. 87 crore ($16.14 million) in Hyderabad-based construction company Vijay Nirman in a second round of PE funding.
Narasappa, Doraswamy & Raja advised Vijay Nirman and the existing investor Aquarius Capital. The NDR team was led by Partner Siddharth Raja along with Associates Junaira Rahman and Kritika Bharadwaj.
ICICI Ventures was advised by its in-house team.
Aquarius Capital had invested Rs. 30 crore in the first round of funding in 2009.
Vijay Nirman undertakes infrastructure projects and related activities in marine and power sectors besides focusing on residential and commercial complexes. It also executes integration of complex steel structures and electrical systems, reports VCCircle.