Business-to-business construction material marketplace Infra.Market is planning to raise funding from new institutional investors by divesting a stake in a subsidiary, in what is likely ..
RDC has a network of 100 RMC plants spread across the country and has grown to become India’s largest independent non-cement ready-mix concrete manufacturer.
Construction material unicorn Infra.market has divested about 10% stake in acquired concrete-maker RDC Concrete, according to a statement.
The company, which raised $150 million from Varde ..
Current fund raise has closed at a valuation of approximately US $225 million. RDC Concrete is expected to have a revenue of Rs 2,000 crore by the end of FY24. It expects to have around 180 ready-mix concrete plants by the end of FY25.