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TLG Capital picks up 36 percent in Re-feel Cartridge

Kolkata, Aug 3 (IANS) Britain-based private equity company TLG Capital is investing around $5 million for a 36 percent stake in city-based Re-feel Cartridge Engineering, Re-feel said here Tuesday.

‘The access to fresh capital will allow us to grow in accordance with the market and will help Re-feel stay ahead in the business. TLG’s network in sub-Saharan Africa will also prove invaluable to Re-feel’s expansion beyond Indian borders,’ Alkesh Agarwal, chief executive officer, said.

TLG Capital’s Sidarth Menon has been appointed chief financial adviser at Re-feel.

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