The new investor group is likely to acquire about 49% in ASG for ₹1,180 crore ($150 million), valuing the company at about ₹2,400 crore. The round will see the exit of an existing investor, Investcorp, which will sell its 15% stake, while around ₹800 crore will be invested as primary capital, said the people.
from Industry-Economic Times
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