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Mauritius firm picks up stake in Shriram SEPL

CHENAI: Mauritius-based Frontline Strategy Ltd., a Fabiani Family Office-anchored asset management company with prime focus on private equity investments, on Tuesday announced the first investment of its recently launched second SME (small and medium enterprise)-specific India Industrial Growth Fund with a 26 per cent equity stake in Shriram SEPL Composites Private Limited, a joint venture of Shriram EPC and Strategic Engineering Private Ltd. Shriram SEPL will manufacture next generation glass fibre reinforced plastic (GRP) pipes, says a release from the company. — Special Correspondent

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Mauritius firm picks up stake in Shriram SEPL

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