PE Fund Investments
Creador to pick up 19.6% stake in Hinduja Tech for $50-M
Private Equity firm Creador is to acquire 19.6% in Chennai-headquartered Hinduja Tech Ltd , a subsidiary of publicly listed commercial vehicle maker Ashok Leyland, for USD 50 million (nearly INR 415 crore). This investment places the post-money equity value of Hinduja Tech, a mobility-focused global engineering R&D services firm, at USD 255 million (over INR 2,110 crore).The infusion of capital will allow Hinduja Tech to augment its existing capabilities in research and development through organic and inorganic means, enhance its global footprint and expand its labs in its efforts to emerge as a global leader in sustainable engineering mobility services.
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