Motilal Oswal PE invests Rs 75 crore for stake in Glass Wall Systems

Date: 24 June 2014
Source: www.economictimes.indiatimes.com

Date: 24 June 2014

Motilal Oswal Private Equity has invested Rs 75 crore for a significant minority stake in Glass Wall Systems (India) that manufactures, supply and installs architectural glass facade system.

The company that boasts of projects such as Mukesh Ambani's residence The Antilia, The Capital in BKC, will use the capital to expand its manufacturing, company official said.   "Investment by Motilal Oswal PE will help us to set up a state of the art fabrication cum processing facility for facades in Mumbai.This facility will significantly increase our capacity by 3-4 times enabling us to cater larger number of projects," said Jawahar Hemrajani, co-founder of Glass Wall.

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