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Maini Precision gets private equity funding from Paragon Partners; skips IPO

Ranjani Raghavan

Private equity firm Paragon Partners and unnamed co-investors have invested Rs 111 crore ($16.5 million) in Bangalore-based manufacturer and supplier of high-precision engineering components Maini Precision Products Pvt Ltd, it said on Wednesday.

Exclusive: Jindal Steel & Power hires adviser for foreign loan recast

Bruhadeeswaran R

Jindal Steel & Power Ltd (JSPL) has hired an India-based distressed asset advisory firm for the possible restructuring of loans worth $550 million and to consider sale of the cash-positive assets, said a person privy to the development. 

China's Tidfore to invest up to $150 mn in Miglanis' owned Uttam Galva Metallics

PTI

Uttam Group today said it has signed an investment agreement of up to USD 150 million with Chinese firm Tidfore Heavy Equipment Group Co Limited.

The investment will be in the form of equity for Uttam Groups Wardha Expansion Project undertaken in conjunction with POSCO.

 Exclusive: Anupam Rasayan in advanced talks to raise funds from US-based PE firm

Ranjani Raghavan

Specialty chemicals manufacturer Anupam Rasayan India Ltd, which supplies ingredients to pharmaceutical and personal-care products companies, is in advanced talks to raise fresh capital from a US-based investor, two people familiar with the development told VCCircle.

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