IIFL Asset Management is now 360 ONE Asset. We’re updating our website and it’s new version will be live soon.

Media - News

In the News

The Hindu Business Line

IIFL Asset Management invests Rs 100 crore in CDE Asia

IIFL Asset Management Ltd (IIFL AMC), said an Alternative Investment Fund managed by the company, has invested Rs 100 crore into Kolkata-based CDE Asia to help the latter consolidate its growth plan.

CDE Asia is a manufacturer of wet-processing equipment and part of UK-headquartered CDE Group.

“The infusion of funds by IIFL AMC will position us to grow our artificial sand (m-sand) processing equipment and services business in India, Japan, South Korea and other South East Asian countries. We are also seeing emerging opportunities in waste reprocessing for roads, construction, solid waste management and manufacturing sectors such as metal ore, silica and cement,” CDE Asia Managing Director and Promoter Manish Bhartia said.