Mauritius-based Frontline Strategy's India Industrial Growth (IIG) Fund has picked up a 26 per cent take in Shriram SEPL Composites, a joint venture of Shriram EPC and Strategic Engineering.     

This is the first investment from the SME-specific IIG Fund, a press release issued here today stated.        

Frontline Strategy is a Fabiani family office-anchored asset management company with prime focus on private equity investments.        

The company's Managing Partner Atim Kabra, said that "the investment in Shriram SEPL Composites is a continuation of Frontline Strategy's focus on investing in companies with global scope and capability."     
   
Shriram SEPL would manufacture next-generation glass fibre reinforced plastic pipes, the internationally preferred alternative to steel and concrete pipes for water and sewage and on-ground oil and gas pipelines, the release said.        

Shriram EPC's Managing Director and CEO, T Shivaraman, said that "we are happy to have Frontline as a long-term investor in this company. This is in line with our philosophy of working with partners in our businesses".

Source: Business Standard