Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Thursday, June 25, 2026View original
Ace investor Madhusudan Kela's funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3% of the company's pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for its initial public offering.
Read the full article on the original site.
Read Full Article