Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity

Mark ab Capital, a West Asia focused multi family office and merchant bank, has invested Rs 350 crore in equity of Shriram EPC (SEPC), which is focused on providing turnkey solutions. The Dubai-based company has bought 26.48 per cent stake in SEPC with this deal and has become its promoter.

This is part of restructuring of SEPC under the stressed asset provisions of the Reserve bank of India. “The existing promoter (SVL Limited ) will cease to be a promoter. As part of the restructuring, the consortium of bankers have converted part of their debt into CCDs and NCDs,”.

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