NYLIM-JB Fund invests Rs 200 cr in MARG Karaikal Port

NYLIM Jacob Ballas India (FVCI) III LLC, or NYLIM-JB Fund, has invested Rs 200 crore in MARG Karaikal Port for a minority stake.

The funds will be used for MARG Karaikal Port's expansion plans which will enhance the port's capacity from the already planned expansion of 21 MMTPA (million metric tonne per annum)to 28 MMTPA.

MARG Karaikal Port is a multi-commodity port.