IIFL AMC invests $14.5m in industrial equipment maker CDE Asia

IIFL AMC invests $14.5m in industrial equipment maker CDE Asia

Photo: Mint

IIFL Asset Management Limited (IIFL AMC), the alternative investment arm of the IIFL group, Monday announced that it has invested Rs 100 crore  (about $14.5 million) in Kolkata-based CDE Asia Limited (CDE Asia), to help the company consolidate its growth plan.

CDE Asia, which is a part of UK-headquartered CDE Group, manufactures wet-processing equipment.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter