Mumbai: Standard Chartered Private Equity (SCPE) has invested Rs 250 crore in Inox India Ltd (INOXCVA).
INOXCVA is a global manufacturer of cryogenic (low temperature) storage and transportation equipment. The company plans to use this money to fund its organic expansion plans and potential acquisitions.
“Over the next few years, we aim to have a significant presence in all major global markets including Europe. Our partnership with Standard Chartered will help us in leveraging the bank’s extensive reach and access its global oil and gas relationships,” said Siddharth Jain, Sponsor, INOX India Ltd.
Standard Chartered Private Equity has investments in GMR Airports, Redington, Varun Beverages, Greenko, Privi Organics, Bush Foods, Innoventive Industries, Karaikal Port and Craftsman Automation.
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