Angel Investments
Gas aggregator Matrix raises funds from Ashneer Grover, others; files for IPO
Ahmedabad-based Matrix Gas and Renewables, a gas aggregator, has made preferential allotment to a clutch of investors including Ashneer Grover, Gunavanth Vaid, Chhattisgarh Investments Group, and Singhvi Heritage LLP. The company has already announced an initial public offering of 56,00,000 equity shares. The new funds will be used in meeting the working capital requirements for sourcing natural gas, rLNG (regasified liquefied natural gas), and for importing LNG cargoes. The company also provides gas supply chain solutions to customers across Gujarat, Maharashtra, Rajasthan, Haryana, Punjab, Himachal Pradesh, Uttarakhand, and Uttar Pradesh.
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