CLSA Capital Invests $9.3 Million in India’s Luminous WaterArchana Chaudhary
Luminous Water Technologies Pvt., an Indian water company, today said it has raised 550 million rupees ($9.3 million) through investments by Hong Kong-based CLSA Capital Partners.
CLSA Capital Partners has invested in the Indian company, based in Gurgaon, near New Delhi, through its unit Aria Investments Partners IV, the Hong Kong-based company said in an e-mailed statement.
The funds were received in a single tranche and will help Luminous Water, which is owned by the SAR Group, expand its Livpure brand of reverse osmosis water purifier, Raja Mohanty, a spokesman for the group, said by telephone today.
India, the world’s second-most populous nation, plans to spend $20 billion over five years on water treatment, irrigation and recycling to improve supplies. Each year, diarrhea spread through unclean water kills about 400,000 children younger than five years old, according to UNICEF.