Private Equity Fund Investments
Shaily Engg Plastics to raise Rs.150-Cr from Lighthouse Funds, White Oak Capital
Vadodara-based, publicly listed high-precision injection molded plastic components manufacturer Shaily Engineering Plastics is to raise INR 150.06 crore via an issue of 8,55,072 equity shares at INR 1,755 apiece to Lighthouse Funds (INR 90 crore) and White Oak Capital ((INR 60.06 crore). It will use the funds for growth over the long term and over the next 12-18 months. The investment will be used in the healthcare, toys and home furnishing business.
From the Venture Intelligence PE-VC Deal Database: Between Jul-07 and Aug-09, Lighthouse had invested over $2-M in Shaily Engg and had made a full exit via public market sales. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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