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Ascent Capital to invest Rs 200 crore in Karaikal port - 16-Sep-2011
Private equity firm Ascent Capital would invest Rs 200 crore in Karaikal Port, a subsidiary of diversified business conglomerate MARG Ltd as part of Karaikkal Port expansion plans. The funds would be used for the Karaikal Port PhaseIIA expansion which would enhance the port's capacity to 28 MMTPA which involves an additional capital expenditure of Rs 600 crore, MARG Ltd said in a statement.