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July 02, 2014

Deal Alert: MCap Fund invests in Omkar Clean Energy

MCap Fund, founded by Baring India partner N.Subramaniam, has in invested INR 3 Cr in Omkar Clean Energy Services, a Chennai-based provider of Operation & Maintenance services for Renewable Energy, especially wind. The transaction was closed in March 2014.

From the Venture Intelligence PE Deal database: MCap unit Summit FVCI has been issued 3770 equity shares and 299623 CCPS. Post conversion of CCPS, the investor will be capable of exercising voting rights in the company to an extent of 80%. MCap's N. Subramaniam and Abhilash Lal have joined the company's board.

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