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8 months ago
BRIEF-Deep Industries announces $20 mln investment from Tridevi Capital into Prabha Energy
December 20, 2016 / 9:42 AM / 8 months ago

BRIEF-Deep Industries announces $20 mln investment from Tridevi Capital into Prabha Energy

Dec 20 (Reuters) - Deep Industries Ltd

* Private equity investment of USD 20 million from Tridevi Capital Partners into Prabha Energy Private Limited

* Says investment shall be made through subscription of compulsorily convertible debentures

* Says Krishnamurthy & Co acted as legal counsel for PEPL

* Says Mazars India acted as financial adviser

* Funds invested to be utilised for capital, operating expenditure for development, production of gas from north Karanpura coalfield

* PEPL holds 25 percent participating interest in NK-CBM block Source text: bit.ly/2hUHtn6 Further company coverage:

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