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Aegis Logistics Ltd will issue 6 percent stake to a Mauritius-based private equity fund Infrastructure India Holdings Fund LLC on a preferential basis. It plans to offer more than 2 million shares at 322 rupees each, the firm said in an exchange filing over the weekend. […] Underlining the attraction of infrastructure for private equity investors, Baring Private Equity Partners (BPEP) India is set to invest Rs 475 crore ($105 million) in Delhi-based Oriental Structural Engineers, a company specialised in constructing runways and highways. According to sources, Baring PE is likely to acquire around 15-20 per cent stake in Oriental. In December, BPEP India invested $90 million in Cethar Vessels, the second largest manufacturer of boilers for power plants, for a minority stake. BPEP India manages about $1 billion (Rs 4,600 crore) in various portfolio firms. Established three decades earlier, Oriental Structural Engineers (OSE) executed 2,700 lane-km of national and state highways in India and abroad. OSE’s current projects include the Salem-Ulunderpet section of NH-68 in Tamil Nadu, part of the Yamuna Expressway (Taj Expressway), the access road to Delhi International Airport, the Pune-Solapur section of NH-9, the Hungund-Hospet section of NH-13 and four-laning of the Nagpur-Saoner-Betul stretch of NH-69. Overall costs of current projects are around Rs 2,000 crore. […] |