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Private Equity
tridevicapital.com

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Investments

1

About Tridevi Capital

Tridevi Capital is a private equity investment advisory firm, authorised and regulated by the Financial Conduct Authority. The firm was founded in 2010 and has since achieved a number of key milestones.

Tridevi Capital Headquarter Location

16 Albemarle Street

London, England, W1S 4HW,

United Kingdom

+44 0 20 7404 8000

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Latest Tridevi Capital News

India: Prabha Energy raises $20m from PE firm Tridevi Capital

Dec 20, 2016

India: Prabha Energy raises $20m from PE firm Tridevi Capital Subscribe to our newsletter Bhawna Gupta December 20, 2016: &nbsp Prabha Energy Pvt Ltd (PEPL), a subsidiary of Ahmedabad-based Deep Industries Ltd , has raised $20 million from Tridevi Capital Partners, the company said in a stock market disclosure. The investment is done through subscription of compulsorily convertible debentures, which will represent 40 per cent stake in PEPL on a fully-diluted basis upon conversion in equity shares. The deal values PEPL at $50 million, according to the filing. Prabha Energy will use the funding primarily for capital and operating expenditure for the development and production of natural gas from the coal bed methane block in North Karanpura Coalfield, Jharkhand. PEPL holds 25 per cent participating interest NK-CBM Block. Prabha Energy is engaged in the activities relating to the exploration, production, development, mining, marketing, transportation of CBM in India. Promoted by Paras S Savla and Rupesh K Savla, Deep Industries was founded in 1991. It has four business verticles including gas compression, work-over rigs, marginal gas fields and exploration of coal-bed methane. In FY 2015-16, the company had revenues of Rs 169 crore and a net profit of about Rs 41 crore. Deep Industries’ scrip closed at Rs 301.05 each, up 3.45 per cent on BSE in a weak Mumbai market on Tuesday. Mazars India was the financial advisor and Krishnamurthy and Company (K Law) acted as legal counsel for PEPL while Luthra & Luthra Law Offices acted as legal counsel for Tridevi Capital on this deal. Tridevi Capital is a multi-asset private equity firm focussed on investments in infrastructure development, energy, natural resources and consumer growth. Also Read:

Tridevi Capital Investments

1 Investments

Tridevi Capital has made 1 investments. Their latest investment was in Prabha Energy as part of their Convertible Note on December 12, 2016.

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Tridevi Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/20/2016

Convertible Note

Prabha Energy

$20M

Yes

1

Date

12/20/2016

Round

Convertible Note

Company

Prabha Energy

Amount

$20M

New?

Yes

Co-Investors

Sources

1

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