Indivision picks up 33% in Regen

Indivision, Future Capital’s private equity arm, has bought 33 per cent stake in Chennai-based wind turbine manufacturer, Regen Powertech, for $25 million.

Regen, the exclusive licencee for technology know-how from Germany’s Vensys, will set up a manufacturing facility to produce gearless turbines at Tada, Andhra Pradesh in a couple of months.

Regen was started by Madhusudan Khemka and R Sundaresh, who were earlier with the Khemka family-promoted wind turbine manufacturer NEPC Micon.

Indivision Fund was set up in September 2006 and committed nearly 35 per cent of it $ 425 million so far. It invests in high-growth entrepreneur backed companies.

Read more in The Economic Times article.