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IFCI Venture Capital Invests In Amber

IFCI Venture Capital Fund has allocated $6.75 million via its Green India Venture Funds in Amber Enterprises for an undisclosed stake.

    IFCI Venture Capital Fundhas allocated $6.75 million via itsGreen India Venture FundsinAmber Enterprisesfor an undisclosed stake,VC Circlereports. 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, addsLegally India. Vaish Associates served as the legal advisor to Green India Venture Funds on the deal.

    Click here for the story fromVC Circle.

    Click here for additional coverage fromLegally India.

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