Trimax Raises US$20 Million from Aditya Birla PE Fund (Asia)
Source: Aditya Birla Capital Advisors
Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to finance its expansion plans both in India and internationally. The deal results in a partial exit for India-focused private equity fund BanyanTree Growth Capital I.