Global investment and technology development firm DE Shaw & Co. Inc. invested 6.3 billion rupees in India's International Amusement Ltd. (IAL), reported Business Standard, quoting unnamed sources.
The report said the private equity deal values IAL at 30 billion rupees, but said the exact stake acquired by DE Shaw was unclear.
Robin Vijeshwar, managing director, IAL, was quoted as saying that the company is in talks with several private equity funds, but declined to discuss the details of the transaction.
The company plans to use the funds for its 350-acre Jaipur amusement park, and some other ongoing projects, the financial daily said.(Forbes)