Home » Saudi Investors »

|| Saudi investment firm to acquire 20% stake in Indian infrastructure company

SBG-Maytas.jpgSBG Projects Investments, a member of Saudi BinLaden Group will buy a 20% stake in Maytas Infra, the Indian infrastructure company for more than $106 million.

Maytas Infra will allot 15.45 million equity shares to SBG Projects Investments on a preferential basis. Following this, SBG will become a co-promoter of the company besides IL&FS Group, the current promoter.

Maytas was controlled by the family of Ramalinga Raju, ex-promoter of Satyam Computer Services who resigned after accepting to have inflated its profits for years. Maytas saw a change in control when IL&FS Group acquired a controlling stake in it. IL&FS Group holds about 37% stake in the firm.

To see more investment firms like Saudi BinLaden Group check our Middle East investors directory

More details from Reuters and Business Standard follows

Previous Post: Dubai private equity firm acquired stake in a healthcare firm for $272 million
Next Post: Al Bashayer Investment Company starts its operations in Abu Dhabi

More from Saudi Investors ...

  Saudi venture capital firm RVC participated in $21 million investment in UK firm

  Saudi Arabian firm acquired Ukrainian farming company Mriya

  Saudi investors of PIF to invest $1 billion in US car maker Lucid

  Saudi investors announced investing in cryptocurrency firm Vertex ICO

  Saudi investor acquired 2.3% stake in Snapchat for $250 million

  Saudi VC firm Raed Ventures invested $1.4 million in Trukker

  Saudi angel investor acquired stake in a blockchain startup for $820,000

  Saudi Aramco Energy Ventures invests in California FogHorn Systems

  Saudi investor acquired stake in UK media firm The Independent

  Saudi investment firm SAEV acquired stake in Irish firm OxyMem

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter