ReGen Powertech, the Chennai-based wind turbine maker has raised Rs52 crore from 2 large private equity firms, as it looks to upgrade the capacity at its manufacturing plant in Udaipur.
• TVS Capital and Summit FVCI have invested Rs37 crore and Rs15 crore, respectively, in the company, a deal which values the company at Rs1,850 crore.
• The transaction, will now see the former pick up a 1.95% stake in the company, while Summit will have 0.79% stake in the venture; jointly holding around 3% in ReGen Powertech.
• The management confirmed that the company's plans to get listed on the bourses in 12 to 15 months and it expected to close the current fiscal FY2012 with consolidated revenue of Rs Rs4,000 crore, up from Rs 2,500 crore (up 60% yoy) in the previous financial year.
• They have already secured orders worth Rs 3,000 crore and are confident of closing the books this year with Rs 4,000 crore and above.
....more info
• TVS Capital and Summit FVCI have invested Rs37 crore and Rs15 crore, respectively, in the company, a deal which values the company at Rs1,850 crore.
• The transaction, will now see the former pick up a 1.95% stake in the company, while Summit will have 0.79% stake in the venture; jointly holding around 3% in ReGen Powertech.
• The management confirmed that the company's plans to get listed on the bourses in 12 to 15 months and it expected to close the current fiscal FY2012 with consolidated revenue of Rs Rs4,000 crore, up from Rs 2,500 crore (up 60% yoy) in the previous financial year.
• They have already secured orders worth Rs 3,000 crore and are confident of closing the books this year with Rs 4,000 crore and above.
....more info