Wind turbine co ReGen raised Rs. 52-Cr from TVS Capital, M Cap

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Chennai-based wind turbine maker, ReGen Powertech has raised Rs 52 crore from two large private equity firms to upgrade the capacity at its manufacturing plant in Udaipur.

 

A group of companies, including TVS Capital, jointly promoted by the TVS and Shriram Groups, and Summit FVCI, a fund advised and managed by existing strategic investor, M Cap Fund Advisors have invested Rs 37 crore and Rs 15 crore, in ReGen Powertech.

 

TVS Capital has invested Rs. 37 crore for a 1.95% stake, Summit FVCI has put in Rs. 15 crore for a 0.79% stake, in a deal that values the company at Rs. 1,850 crore. M Cap, through Summit, will now hold around 3% in ReGen.

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