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Machdar in talks to raise Rs 200 cr for i1 Super Series
Machdar Motorsports is understood to be in talks to raise close to Rs 200 crore through the private equity route to start i1 Super Series Championship next year. Investment bankers close to the city-based company said talks were at advanced stages and the funding was expected to be closed in three months. Machdar, founded in 2010, would use the resources to pay drivers, cars and venues, they added. The
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