51% investor in Mtandt Rentals

Maria Hadlow

25 September 2012

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi the chief executive officer of Indian company Mtandt Rentals Limited has told Access International that an unnamed investor has bought 51% shares of Mtandt Rentals Limited

The investment is in the region of US$30 million and the company plans to use the money to add new and used equipment to its fleet.

Mtandt Rentals is the owner of Onrent Brand and India's Largest access equipment rental company.

Business & Finance Mergers & acquisitions Access
STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: [email protected]
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: [email protected]