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

By Shrija Agrawal

  • 06 Jul 2012
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Navayuga to hive off road assets in an SPV; Seeks to raise up to $200M
Navayuga Engineering Co. Ltd

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. ......

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