Western Carriers Raises Rs 400 Crore for Debt, Capital Expenditure

Mumbai-based Western Carriers Pvt. Ltd. has raised Rs 400 crore ($50 million) from a clutch of investors.

The funds will be used to repay debt and fund capital expenditure.

The company is primarily engaged in providing ship management services to clients in the offshore oil and gas industry.

The fundraise was led by Mumbai-based private equity firm, India Resurgence Fund (IRF).

Other investors in the round include Avendus Capital, JM Financial and ASK Investment Managers.

Western Carriers is one of the largest ship management companies in India, with a fleet of over 50 vessels.

The company has been facing financial difficulties in recent years, due to the downturn in the offshore oil and gas industry.

The fundraise will help the company to repay some of its debt and invest in new vessels.

The company plans to use the funds to repay debt and fund capital expenditure.

Western Carriers has a fleet of over 50 vessels, including offshore support vessels, platform supply vessels and anchor handling tug supply vessels.

The company provides ship management services to clients in the offshore oil and gas industry.

The offshore oil and gas industry has been facing a downturn in recent years, which has led to financial difficulties for Western Carriers.

The fundraise will help the company to repay some of its debt and invest in new vessels.

The fundraise was led by Mumbai-based private equity firm, India Resurgence Fund (IRF).

IRF is a private equity firm that invests in mid-market companies in India.

The firm has a track record of investing in companies in the healthcare, financial services and infrastructure sectors.

Other investors in the round include Avendus Capital, JM Financial and ASK Investment Managers.

Avendus Capital is an investment bank that provides a range of financial services, including private equity, investment banking and wealth management.

JM Financial is a financial services firm that provides a range of services, including investment banking, wealth management and asset management.

ASK Investment Managers is an asset management company that provides a range of investment products, including mutual funds and portfolio management services.