Hyderabad-based ECI Engineering and Construction Company (ECI), raised Rs 1 billion of private equity capital through a preferential allotment to Sabre Abraaj India Private Equity Fund I (Sabre Abraaj), a fund managed by Sabre Capital.
ECI will use these proceeds to expand its construction business, finance its investment in hydro power BOOT projects and also build a modern manufacturing unit to fabricate steel towers required for their core power transmission and distribution (T&D) business.
Edelweiss acted as the sole financial advisor to ECI for this private placement.
ECI is a mid-sized infrastructure construction and development company with over 30 years of experience. It executes construction projects in power transmission & distribution (T&D), highways, railway electrification, hydro power generation, irrigation and other civil infrastructure segments.
Source: My Iris