India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it has invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment proceeds will be used to repay debt, offer capital investment to optimize output across product lines, and provide working capital to grow market share in India and in major export markets such as Japan, China, Middle East and Europe.
— Mint
Desai & Diwanji Mumbai advised
Cyril Amarchand Mangaldas advised
2018-09-29
Deal value: USD 156 million approx.
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