Bain Capital in talks to invest Rs 1,500 crore in JM Baxi Group co
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Synopsis
ICTRIPL is a unit of International Cargo Terminals and Infrastructure Pvt (ICTIPL), the group’s flagship company that deals in logistics chain, port operations and cargo generating and handling activities.
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Part of the proceeds may be used to reduce debt and fund expansion.
Mumbai: Global private equity fund Bain Capital is in advanced talks with JM Baxi Group to invest as much as Rs 1,500 crore ($200 million) for a 30% stake in stepdown subsidiary International Cargo Terminals & Rail Infrastructure (ICTRIPL), according to people aware of the matter.