Knowledge Partners


 Basiz Fund Service    Economic Laws Practice    Avalon Consulting  

 Spark Capital    Tatva Legal   

February 24, 2013

Deal Alert: SIDBI Venture Capital to invest Rs.10-Cr in Mitcon Consultancy

SIDBI Venture Capital Ltd will invest about Rs.10 crore in Pune-based Mitcon Consultancy and Engineering Services Ltd when the firm launches an initial public offer (IPO) in March to raise Rs.25 crore. 

SIDBI VC will invest through a pre-placement process in Mitcon, which conducts environmental impact assessments for clients as well as procure clearances from the environment ministry. It is promoted by ICICI Bank Ltd, IFCI Ltd and Small Industries Development Bank of India (SIDBI) and earned a revenue of Rs.60 crore in 2011-2012. 

Source: Mint
 
Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.