Navayuga Engineering Co. Ltd

Navayuga to hive off road assets in an SPV; Seeks to raise up to $200M

06 July, 2012

Hyderabad-based infrastructure company Navayuga Engineering Co. Ltd (NEC), which records annual sales upwards of Rs 3,500 crore, plans to hive off its road assets in an SPV and raise up to $200 million in private equity funding for the same, at least two sources close to the development told VCCircle. NEC has also appointed Axis Bank and IDFC Capital as investment bankers to scout for private equity funds for the division, sources said.


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Navayuga to hive off road assets in an SPV; Seeks to raise up to $200M

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