ABG Shipyard raises Rs1.4bn

ABG Shipyard Limited (ABG), on Monday announced that the company has concluded a Rs1.4bn private equity financing round with Standard Chartered Private Equity (SCPE), Leverage India Fund, a fund managed by IL&FS Investment Managers and Merlion India Fund, a Fund managed by SCPE. IL&FS acted as Financial Advisors to ABG and structured this placement.