Marg Karaikal Port attracts Rs. 200 crore equity investment [02 May 2012]

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Karaikal Port Pvt Ltd, a subsidiary of Chennai headquartered MARG Limited, announced infusion of fresh equity by NYLIM Jacob Ballas India (FVCI) III LLC (NYLIM-JB Fund). NYLIM Jacob Ballas India has invested Rs. 200 crore by way of primary & secondary investments in MARG Karaikal Port for a minority stake. The funds will facilitate MARG Karaikal Port’s expansion plans enhancing its capacity from 21 MMTPA to 28 MMTPA.

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