BTS India Private Equity Fund, a Mauritius-based fund, has concluded a definitive agreement for investing Rs 32 crore in Saisudhir Infrastructures, an infrastructure engineering and construction company based out of Hyderabad.
The investment will focus on Saisudhir's next level of growth and used for expanding engineering capabilities along with providing the working capital for completing medium to large infrastructure projects. With this investment, BTS India has concluded six investments in the country since its launch in 2007.
“The current round of capital raising is a step towards undertaking larger projects, broadening the reach of the company to other states and to take up the company towards its target of crossing Rs 500 crore in sales within the next couple of years,” D Sreedhar Reddy, managing director of Saisudhir Infrastructures, stated in a press release on Friday.
