Roadway Solutions India Infra Ltd Secures $120 Million Investment From AG Dynamic Funds Limited

Roadway Solutions India Infra Ltd Secures $120 Million Investment From AG Dynamic Funds Limited

This strategic collaboration represents a significant milestone in RSIIL’s pursuit of its billion-dollar target.

Aakash SinghUpdated: Sunday, March 17, 2024, 03:57 PM IST
article-image
Roadway Solutions India Infra Ltd Secures $120 Million Investment From AG Dynamic Funds Limited |

Roadway Solutions India Infra Ltd (RSIIL), a leading infrastructure company based in Pune, has signed a memorandum of understanding (MOU) with the esteemed AG Dynamic Funds Limited for an investment of USD 120 Million.

This strategic collaboration represents a significant milestone in RSIIL’s pursuit of its billion-dollar target. The investment raised will accelerate growth and strengthen RSIIL’s market presence. RSIIL has been at the forefront of delivering high-quality infrastructure solutions, with a focus on road construction and development.

AG Dynamic Funds Limited is an India-focused fund based out of Mauritius which invests in both primary (Pre-IPO & IPO) and secondary markets. This investment follows the successful completion of RSIIL’s commissioned work exceeding ₹4000 Crore from NHAI in the state of Gujarat, taking the order book to ₹9000 Crore.

RSIIL anticipates that this new financial impetus will not only help them to contend for a broader range of projects but also steer them towards an impressive revenue outlook with projections situating their net turnover at a staggering ₹5000 Crore by 2026.

Ameet Gadhoke, Managing Director, Roadway Solutions India Infra Ltd (RSIIL) stated, “We are excited to have AG Dynamic Funds Limited on board as a significant stakeholder in our journey towards achieving remarkable industry milestones."

"We are thrilled to partner with RSIIL and have signed an MOU for an investment of USD 120 Million in their growth journey. This collaboration signifies our confidence in RSIIL's potential and our shared vision for progress in the infrastructure sector. We look forward to a fruitful partnership that will drive both companies towards achieving remarkable industry milestones." Ashwanee Ramsurrun, Director, of AG Dynamic Funds Limited.

AG Dynamic Funds Limited’s pledge in RSIIL underscores a shared vision of progress and prosperity. The investment is not merely a capital infusion but a fusion of confidence and a drive towards achieving remarkable industry milestones.

RECENT STORIES

Pune: 16-Year-Old Brutally Beaten, Naked Video Circulated On Social Media; 4 Booked

Pune: 16-Year-Old Brutally Beaten, Naked Video Circulated On Social Media; 4 Booked

Pimpri-Chinchwad: Universities Must Continue To Be Relevant To Society, Says Former President Ram...

Pimpri-Chinchwad: Universities Must Continue To Be Relevant To Society, Says Former President Ram...

Lok Sabha Elections 2024: Dhule Gets Its First Woman Candidate, Four In Khandesh

Lok Sabha Elections 2024: Dhule Gets Its First Woman Candidate, Four In Khandesh

Understanding Pune's Electoral Landscape: Breakdown Of Voters, Contestants, Date of Polling & More...

Understanding Pune's Electoral Landscape: Breakdown Of Voters, Contestants, Date of Polling & More...

Nashik: Separate Section For Transgenders in District Hospitals

Nashik: Separate Section For Transgenders in District Hospitals