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IIML put in Rs 154 Crores in Pune based RSB Group

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RSB Group, the Pune based company which worth’s $100 Million in the engineering and automotive machinery maker proclaimed to have the fulfilled private equity post totaling Rs. 154.35 Crores with the IL&FS Investment Managers (IIML). The source added at the www.propertykhazana.com that RSB Group is gazing ahead to its capital growth activities through its PE cocktail and it is seeing the development through its JV’s and acquisitions. Recently, group had purchased Miller Bros an US based auto subsidiary and with such kind of addition RSB is looking to grow its international manufacturing, product design and marketing prospects.
Revealed sources to www.propertykhazana.com discloses that the auto subsidiary and building paraphernalia segment has come out as the rapid growing business in India and their development is mainly shoved by forthcoming infrastructure amenities comprising development of roads, railways and highways along with the rising exports.
Further, Selecting IIML as the potential co-worker has assisted the RSB Group in spreading out its skills in the PE segment. Also to bring the special advance in organizing the contracts, the joint venture of these long term investors has opened self-assurance in RSB Group and automotive and auto module segment. IIML is the country’s leading domestic private equity fund management firm which handles about $1 Million on behalf of famous Indian and Global Institutions.
Source: NBTVLIVE

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