Date:23/5/11,
Private Equity,
Private Equity,
Avendus Private Equity Investment Advisors Pvt Ltd acquires 1.7% Action Construction Equipment Ltd for $1.48 million INR 66 million.
Action Construction receives funds last year through a preferential allotment to Reliance Capital which gave the financial services arm of Reliance ADA Group 3.2 per cent stake. The shares were issued at $4.4 million (INR 196 million).
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