IDFC led consortium to recharge GMR Energy AZB and Amarchand advice

A consortium led by IDFC Private Equity, a division of Infrastructure Development Finance Company (IDFC) has entered into a Share Subscription and Shareholders’ Agreement with GMR Energy Limited to raise capital for its expansion plans. The other investors include Argonaut Ventures; a US based private equity fund and Ascent Capital Advisors India, an independent investment fund formed by the UTI Ventures team