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 Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

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