Tata Capital to picks up minority stake in Standard Greases and Specialties
Alpha TC Holdings and Tata Capital Growth Fund I, both managed by Tata Capital are together purchase of over 17.36 per cent stake in Standard Greases & Specialties Pvt Ltd for an undisclosed amount. Tata Capital Growth Fund is part of financial services firm Tata Capital, while Alpha TC Holdings, a Singapore-based investment firm, is managed by Tata Capital Advisors. The two entities would subscribe to 8.68 per cent stake of the Mumbai based company. Standard Greases is primarily engaged in the business of manufacturing and processing of greases and lubricating oils. The company also has a JV with Pt Gulf Oil for marketing lubricants and greases in Indonesia.