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Home > News > Jacob Ballas Invests Rs 200 Cr In Marg Karaikal Port

Jacob Ballas invests Rs 200 cr in MARG Karaikal Port

Infrawindow News Bureau




May. 02, 2012, 04:53 PM

Jacob Ballas invests Rs 200 cr in MARG Karaikal PortPrivate equity firm, Jacob Ballas has announced that it has invested Rs 200 crore in Marg Karaikal Port, a unit of MARG Ltd, for a minority stake, reports agency.

The port will use the funds to expand capacity to 28 million metric tonne per annum, the company said in a statement. MARG Karaikal Port is an all-weather port on the south east coast of India.  Last year, Ascent Capital invested about Rs 200 crore to pick a minority stake in the firm.

The Indian Infrastructure Fund backed by India's IDFC and Citigroup had invested in the port in 2010.

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