India: An investment company SSG Capital Management is reportedly interested in acquiring a stake in the transformer manufacturer Emco, the third largest manufacturer of transformers in India.
“Emco promoters are in discussions to bring in an investor who can acquire some part of equity capital as well as debt from its lenders. SSG is one of the financial investors that has shown an interest in the asset and has been in talks with the promoters,” Deal Street Asia quotes an anonymous source.
Another source told Deal Street Asia SSG Capital is likely to invest $24 million to $32 million in Emco.
Source: Deal Street Asia