Matrix Gas & Renewables raises Rs 350-Cr in pre-IPO round
Matrix Gas and Renewables Ltd has raised INR 350 crore in a pre-IPO round to accelerate expansion of its gas business, acquisitions and for its capital expenditure plans. The investors included Gunavanth Vaid (4GCapital Venture), Sarda Group, Sunil Kumar Singhvi (Singhvi Heritage LLP), Blue Lotus Fund, NAV Capital Emerging Fund and the promoters of the companyThis round will also expedite setting up and commissioning of green hydrogen production plants on engineering, procurement and construction (EPC) and build-own-operate (BOO) basis along with setting up hydrogen electrolyser manufacturing plant - both secured in c ..
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