Motilal Oswal’s PE arm invests Rs 35 crore in Magicrete Building Solutions

Motilal Oswal Financial Services - Private Equity arm - Motilal Oswal Private Equity (MOPE), has invested Rs 35 crore in Surat-headquartered Magicrete Building Solutions. The investment has been done through India Business Excellence Fund II and India Business Excellence Fund IIA, funds managed and/or advised by MOPE.

Magicrete Building Solutions, incorporated in 2008, is the second largest manufacturer of autoclave aerated concrete (AAC) blocks and recently forayed into offering gypsum plaster and dry mortar.

Motilal Oswal Financial Services is a known brand among retail and institutional investors in India, with a presence in over 1533 business locations across over 487 cities.