Equity for the investment will come from funds affiliated with Carlyle Asia Partners, the firm said in a statement Thursday, without disclosing a sum.
The Competition Commission of India on Jan. 7 approved a transaction that included a securities swap between Highway Industries and Roop, and the acquisition of a 68.9% stake in Roop by Carlyle.
The founders of Highway and Roop will continue to hold stakes in the platform, Carlyle ...
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