Reliance Capital backs Rajasthan construction firm HG Infra
Reliance Capital along with a string of investors has backed Rajasthan-based construction firm HG Infra Engineering in a $21.5 million funding round, ahead of its initial public offering (IPO). The investors included SBI Mutual Fund, Aditya Birla Sun Life Trustee, L&T Mutual Fund, and Kotak Mutual Fund, among others. Founded in 2003, HG Infra builds highways, bridges, and flyovers.