PE Fund Investments

UK's Mars Capital in talks to invest $50-M for minority stake in BW LPG India

BusinessLine  

British mortgage company Mars Capital Finance Ltd is in talks with BW LPG Ltd to invest about USD 50 million for a minority stake in its Indian subsidiary BW LPG India Pvt Ltd. Oslo Stock Exchange listed, and Singapore-headquartered BW LPG is the world's top owner and operator of liquefied petroleum gas (LPG) vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million cubic metres (CBM). Chennai-based BW LPG India Pvt Ltd is the largest owner and operator of India-flagged VLGCs with a fleet of seven ships and one more being inducted by the second quarter of calendar year 2022.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.