IIML Invests Rs 154.35 Cr in RSB Group

July 17, 2007	(Be the first to rate this story!)  Loading ...
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The Pune-based RSB Group, a $100 million company in the engineering and automotive components maker, on Monday announced to have concluded a private equity placement totaling Rs 154.35 crore with the IL&FS Investment Managers (IIML).

RSB Group is looking forward to its capital expansion activities through its private equity infusion. It envisages nurturing itself further through joint ventures and acquisitions.

The group has recently acquired Miller Bros, a US based auto ancillary. With such an addition, RSB expects to expand its international manufacturing, product design, and marketing potential.

The auto ancillary and construction equipments sector have emerged as the fast growing business in India. Their development is largely pushed by upcoming infrastructure facilities including development of roads, railways, and highways along with increasing exports.

Choosing IIML as a prospective partner will help the RSB Group in stretching its knowledge in the private equity sector. In addition to bringing a unique approach in structuring the deal, the partnership of these long term investors will establish confidence in RSB Group and automotive and auto component sector.

IIML is the country’s premier domestic private equity fund management firm. It manages over $1 billion on behalf of well-known Indian and International institutions.

News Published Under:   Real Estate India |

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