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ChrysCapital buys 12% stake in Pratibha for Rs 100 cr

ChrysCapital buys 12% stake in Pratibha for Rs 100 cr
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First Published: Fri, Nov 26 2010. 09 42 PM IST
Updated: Fri, Nov 26 2010. 09 42 PM IST
ChrysCapital Investment Advisors, the private equity fund with $2 billion under management, has invested about Rs 100 crore in Pratibha Industries Ltd, a listed infrastructure solutions provider in the water management and urban infrastructure space.
The investment was made through Van Dyck, a subsidiary of ChrysCapital V, LLC. Through the investment the PE firm picked up a 12% stake in the company, valuing Pratibha Industries at about Rs 833 crore.
Ashish Dhawan, co-founder and managing director, Chryscapital declined to comment on the rationale behind the investment and said, “ We don’t comment on the specific strategy behind the investment….but all I can say is that we are quite positive on the company and hence recommended this deal to our investors.”
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First Published: Fri, Nov 26 2010. 09 42 PM IST