US$45 Million Investment in Inox India Limited (Asia)
Source: Standard Chartered Private Equity
Standard Chartered Private Equity, the Asia-focused private equity arm of Standard Chartered Bank, has announced an investment of INR2.5 billion (approximately US$45 million) in Inox India, an Indian manufacturer of cryogenic storage and transportation equipment, for a minority stake. Inox India has a manufacturing presence in India, the United States, China and Brazil and plans to use the funding for potential acquisitions and expansion. This investment is the firm’s tenth in India in the past 18 months.