Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC
Company News

Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

Mark AB Capital, a Dubai-based multi family office, will acquire a 26% stake in Shriram EPC, an engineering, procurement, and construction (EPC) contractor at Rs 350 crore.

The company's board of directors will meet on May 19 to discuss and consider the issuance and allotment of equity shares by way of a preferential issue to a prospective investor, as well as NCDs to the lenders, according to the notice. Lenders and other agencies must approve the deal before it can go through.

Shriram Group has been struggling to manage the EPC. Its revenues for the fiscal year ended March 2020 were Rs 681 crore, with a net loss of Rs 681 crore and a net loss of Rs 81 crore.

The EPC industry necessitates perseverance and a long-term investment commitment. It is considered to be a good fit because Mark AB has EPC investments all over the world.

T Shivaraman, MD and CEO of Shriram EPC, told the media that the company will take over the management and become the new promoters, and we will provide some hand-holding until they are completely rooted in.

India's EPC industry is experiencing a period of growth. In the second year of the Covid-19 pandemic, strong order books and better operational preparedness will swell top-lines of mid-sized EPC companies by 15% this fiscal, compared to a nearly 10% fall last fiscal, Credit Rating Information Services of India Ltd informed the media.

Shriram EPC is a construction engineering company based in India with SVL Ltd as its parent organisation.

Mark AB Capital is the multi-family office and merchant banking arm of several large Middle Eastern family groups.

Image Source


Mark AB Capital, a Dubai-based multi family office, will acquire a 26% stake in Shriram EPC, an engineering, procurement, and construction (EPC) contractor at Rs 350 crore. The company's board of directors will meet on May 19 to discuss and consider the issuance and allotment of equity shares by way of a preferential issue to a prospective investor, as well as NCDs to the lenders, according to the notice. Lenders and other agencies must approve the deal before it can go through. Shriram Group has been struggling to manage the EPC. Its revenues for the fiscal year ended March 2020 were Rs 681 crore, with a net loss of Rs 681 crore and a net loss of Rs 81 crore. The EPC industry necessitates perseverance and a long-term investment commitment. It is considered to be a good fit because Mark AB has EPC investments all over the world. T Shivaraman, MD and CEO of Shriram EPC, told the media that the company will take over the management and become the new promoters, and we will provide some hand-holding until they are completely rooted in. India's EPC industry is experiencing a period of growth. In the second year of the Covid-19 pandemic, strong order books and better operational preparedness will swell top-lines of mid-sized EPC companies by 15% this fiscal, compared to a nearly 10% fall last fiscal, Credit Rating Information Services of India Ltd informed the media. Shriram EPC is a construction engineering company based in India with SVL Ltd as its parent organisation. Mark AB Capital is the multi-family office and merchant banking arm of several large Middle Eastern family groups. Image Source

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000