Date:26/7/11,
Private Equity,
Cross Border Deal,
Visa Power Ltd, a part of Kolkata based Visa Group, receives Private Equity investment of $111 million (INR 5 billion) from Blackstone Group/Private Equity/ and dilutes 25.2% stake. JM Financial ServicesLtd acted as a advisor.
Visa Power a part of Kolkata- based Visa Group, interests in steel, power, mining, commodities trading, shipping and logistics. The group founded by Vishambhar Saran, a former Tata Steel executive.
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