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Aion Capital invests Rs 300 crore in Jyoti Structures: Report

13 Sep 2013 Evaluate

Aion Capital Partners has reportedly invested Rs 300 crore in Jyoti Structures. The investment in Jyoti Structures will be in the form of long-dated structured securities resulting in a significant minority stake and will be in tranches linked to certain performance milestones.

The company will utilise cash for facilitating business expansion in its overseas subsidiary in the US. Recently, the company received an approval to raise fund by issue of fully redeemable Non-Convertible Debentures (NCD) up to Rs 40 crore, on private placement basis.

Aion is a joint venture between Apollo Global Management and ICICI Venture, while Jyoti Structures is solution provider in area of high voltage power transmission lines and substations. The company provides wide range of services from design, engineering consulting, tower testing, manufacturing, construction and project management.

Jyoti Structures Share Price

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