India: Infra.Market has sold its minority stake in RDC Concrete, according to local press. Investor Nikhil Kamath led a US$20m funding round in the producer, including contributions from Capri Global Family Office, Sumeet Kanwar and Wear Steels. RDC Concrete previously divested itself of 10% of shares in RDC Concrete. RDC Concrete operates 100 ready-mix concrete batching plants in India. Infra.Market retains control of 100 ready-mix concrete plants through its other concrete subsidiaries.
Nikhil Kamath said "RDC Concrete has made remarkable progress in transforming the construction landscape in India with its ready-mix concrete. It is less polluting, expedites construction timelines, and significantly reduces waste and expense. We are actively seeking companies that ensure that India's growth and environmental sustainability progress hand in hand.”
