your password has been reset successfully, Please login again.

IIFL Asset Management Upholds CDE Asia by an INR 100 Crore Offering

IIFL Asset Management Ltd, a subsidiary of IIFL Group, has offered INR 100 crore in equipment making company, CDE Asia Ltd, according to a media report.
BY BEx Bureau
BusinessEx
Jul 30, 2019

IIFL Asset Management Ltd, a subsidiary of IIFL Group, has offered INR 100 crore in equipment making company, CDE Asia Ltd, according to a media report.

The company will use the funds to grow its artificial sand processing equipment and services business in India, Japan, South Korea, and Southeast Asian countries, CDE Asia MD and promoter, Manish Bhartia told the daily news, VC Circle.

We are also seeing emerging opportunities in waste reprocessing for roads, construction, solid waste management and manufacturing sectors such as metal ore, silica, and cement, Bhartia added.

Essentially, CDE Asia is a subsidiary of the UK-based, CDE Group. Pantomath Capital works as an investment banker for CDE Asia on the transaction as well as a financial adviser.

IIFL AMC provides various investment products like Alternative investment funds, portfolio management services, real estate, mutual funds, and fixed-income securities.

IIFL AMC has primarily two funds under its PE segment. Amid the two funds, one fund upholds emerging firms and professionals who wish to start anew. Further, the company has an individual $1 billion fund that backs firms prior to and during their IPO.

In the previous year, the company had commissioned Anup Maheshwar as joint CEO and CIO (Chief Investment Officer).



Please add your Comment
SIMILAR News
October 21, 2019
The company plans to employ fresh funds to establish a second campus in Mumbai by the end of this ye ...More
By Jaspreet Kaur
October 21, 2019
Following the investment, the Tamil Nadu-based firm, Dindigul Thalappakatti is pegged at around INR ...More
By Jaspreet Kaur
October 19, 2019
Elores is essentially a novel drug combination that helps to treat life-threatening infections. ...More
By Jaspreet Kaur
October 18, 2019
Black Coat Technologies Pvt. Ltd has recently obtained INR 3.5 crore in a seed funding round from a ...More
By Jaspreet Kaur
October 18, 2019
Remedico is essentially a component of Venture Catalysts’ focused healthcare accelerator, Healthcare ...More
By Jaspreet Kaur
October 17, 2019
BASF is reportedly collaborating with partner firms to assess the feasibility of petrochemical compl ...More
By Jaspreet Kaur
October 17, 2019
With this funding round, the company has gathered INR 70 crore funds to date. ...More
By Jaspreet Kaur
October 14, 2019
Singapore-headquartered e-commerce company, Shopmatic Pte Ltd has wholly acquired SaaS startup, Comb ...More
By Jaspreet Kaur
October 14, 2019
CarDekho, the online platform has created an ecosystem to help its consumers to buy and sell cars ef ...More
By Jaspreet Kaur
October 10, 2019
The company targets on middle, as well as low income demographic, relating to Tier-II and Tier-III c ...More
By Jaspreet Kaur
October 09, 2019
Kosha, which was incorporated in 2017, renders designed clothes for adventurous tours via technology ...More
By Jaspreet Kaur
October 09, 2019
This will also aid in delivering substantial synergies for expanding its lamp business and product o ...More
By Jaspreet Kaur