Avendus advises Indu Projects in its INR 476 Cr funding from Credit Suisse Indu Projects Limited, one of India’s fastest growing infrastructure majors, has received an investment of US$77 million (INR 325Cr) from Credit Suisse. This is the first tranche of an overall investment of US$113 million (INR 476Cr).
Avendus Capital was the sole financial advisor for the transaction.
About Indu Projects Ltd. | Credit Suisse
Founded in 2001 by Mr. I Syam Prasad Reddy, Hyderabad-based Indu Projects has been growing at a rapid pace, and achieved a turnover of over INR 1,300Cr last fiscal, with businesses in the areas of core infrastructure, theme ventures, end-to-end solutions and real estate.
The company has a strong presence in construction of Buildings, Roads, Industrial Structures, Irrigation, Public Health Engineering and Railways. It will invest a part of the proceeds to grow these Businesses. On the real estate side, the company is currently developing 14 projects across various locations in South & Central India. Indu’s product offering comprises of residential townships and Special Economic Zones including an IT SEZ at Shamshabad near the new Hyderabad International Airport.
Indu Projects is one of the leading Construction and Real estate development companies headquartered in Hyderabad. Indu offers contracting services for buildings, irrigation projects, engineering projects, roads etc. The company is also undertaking several Real estate developments in South India & increasing presence Pan India. The Real Estate product portfolio includes residential, Commercial, Retail, Hospitality & SEZ.
Credit Suisse is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
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