The private equity arm of Standard Chartered
The funds would be used for expansion and potential acquisitions, the statement said.
Inox is a manufacturer of cryogenic storage and transportation equipment, a precision engineering product used for storage and distribution of liquefied gases used in industrial applications.
Private equity investments in India were down 39.99 percent in the first half of this year to $3.81 bln from $6.34 bn a year ago, according to VCCircle.com, an industry tracker.
