India Industrial Growth Fund (Mauritius), a private equity fund has acquired a 26 percent stake in in DTL Ancillaries for Rs. 25 crore ($5 million) and has an option to invest further up to Rs. 20 crore ($4 million)..J. Sagar Associates advised IIGF with a team led by Partners Upendra N. Sharma and Sidharrth Shankar along with Senior Associate Pallavi Puri and Associate Mudita Roy..DSK Legal advised DTL Ancillaries with a team led by Partner Raksha Kothari..The Pune-based DTL makes key hardware components for the Indian Railways, Tata Motors, Arcellor Mittal and Italian auto company Piaggio..IIGF, which is part of $75 million fund managed by Mauritius-based investment advisory firm Frontline Strategy aims to invest in India’s fast growing small and medium enterprises, reports ET.
India Industrial Growth Fund (Mauritius), a private equity fund has acquired a 26 percent stake in in DTL Ancillaries for Rs. 25 crore ($5 million) and has an option to invest further up to Rs. 20 crore ($4 million)..J. Sagar Associates advised IIGF with a team led by Partners Upendra N. Sharma and Sidharrth Shankar along with Senior Associate Pallavi Puri and Associate Mudita Roy..DSK Legal advised DTL Ancillaries with a team led by Partner Raksha Kothari..The Pune-based DTL makes key hardware components for the Indian Railways, Tata Motors, Arcellor Mittal and Italian auto company Piaggio..IIGF, which is part of $75 million fund managed by Mauritius-based investment advisory firm Frontline Strategy aims to invest in India’s fast growing small and medium enterprises, reports ET.