Company News
New Delhi, October 22, 2007
Private equity player Subhkam Ventures have invested Rs. 33.6 crores in MSK Projects (India) Ltd. through their investment entity – Subhkam Holding Private Limited (SHPL).
By subscribing to 40 lakh shares issued under preferential allotment, the PE player have taken a leap further, as their holding in the company now lies at 24.26 per cent of the equity capital, up from the existing holding of 8.8%. SHPL shall make an open offer to acquire 20% of equity capital of the company pursuant to the provisions of SEBI Takeover guidelines
"When it comes to investments, we focus on markets and industries which have the potential to grow and become a size to reckon with in the near future. We also consider investing in companies that have a strong management team, a long-term vision and business ethics which are closely aligned with our own vision and a strong talent pool amongst other characteristics. To that extent, MSK Projects is a good fit and we are confident the company will benefit from our investment and reach new heights in future, " said Mr. Rakesh S Kathotia, Chairman, Subhkam Ventures.
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Concept PR
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