Mumbai (Maharashtra) [India], September 2 (ANI/PNN): India Business Excellence Fund - IV, a fund managed and advised by MO Alternate Investment Advisors Private Limited ("MOPE"), along with India SME Investments - Fund I and Motilal Oswal Finvest Limited have completed an investment of USD 66 Mn in Simpolo Group, India's largest luxury and premium tiles manufacturer. Simpolo Group includes the flagship company Simpolo Vitrified Private Limited and Nexion International Private Limited.