Ashutosh Agarwala appointed as CFO of Essel Infraprojects Ltd

Goldman Sachs’s investment of  $220 million in Essel Highways, the road infrastructure arm of Subhash Chandra-controlled Essel Group, in one of the first and biggest PE transactions in the space.

The group's infrastructure holding company, Essel Infrastructure, raised $132 million in March from Piramal Group and Dutch pension fund APG Asset Management for its solar power project platform

Agarwala joins Essel from Reliance Power. He is expected to play a major role to drive the financial growth agenda of Essel Infraprojects Limited amid big ticket size investments. His core focus at Essel will be on strategic fundraising & acquisitions.