This is the first investment from the SME-specific IIG Fund, a press release issued here today stated.
Frontline Strategy is a Fabiani family office-anchored asset management company with prime focus on private equity investments.
The company's Managing Partner Atim Kabra, said that "the investment in Shriram SEPL Composites is a continuation of Frontline Strategy's focus on investing in companies with global scope and capability."
Shriram SEPL would manufacture next-generation glass fibre reinforced plastic pipes, the internationally preferred alternative to steel and concrete pipes for water and sewage and on-ground oil and gas pipelines, the release said.
Shriram EPC's Managing Director and CEO, T Shivaraman, said that "we are happy to have Frontline as a long-term investor in this company. This is in line with our philosophy of working with partners in our businesses".
