IFCI Venture Capital Fund has allocated $6.75 million via its Green India Venture Funds in Amber Enterprises for an undisclosed stake, VC Circle reports. The investment was made in the form of compulsory convertible debentures.
The money raised will be utilized to fund its capital expenditure and working capital requirements, adds Legally India. Vaish Associates served as the legal advisor to Green India Venture Funds on the deal.
Click here for the story from VC Circle.
Click here for additional coverage from Legally India.