IndiaVenture to launch off-shore infrastructure fund
Ajay Piramal group company IndiaVenture Advisors plans to launch a $300-500 million off-shore infrastructure fund within the next six months.
By PTI |
MUMBAI: Ajay Piramal group company IndiaVenture Advisors plans to launch a $300-500 million off-shore infrastructure fund within the next six months, a top company official said.
The group would be the main sponsor of the fund. "The infrastructure fund will be launched in the next six months and will have a size in the range of $300-500 million," IndiaVenture Advisors' Chairman A K Purwar told reporters on the sidelines of a banking seminar here on Monday.
The fund would invest in infrastructure and related projects, Purwar, a former Chairman of State Bank of India, added.
The company had recently launched a $200 million healthcare fund which focuses on investments in hospitals, specialty clinics, IT and BPOs, besides hi-tech equipment manufacturing units, he said.
The funds would be raised fully from overseas, the chairman said without divulging any further details.
The group would be the main sponsor of the fund. "The infrastructure fund will be launched in the next six months and will have a size in the range of $300-500 million," IndiaVenture Advisors' Chairman A K Purwar told reporters on the sidelines of a banking seminar here on Monday.
The fund would invest in infrastructure and related projects, Purwar, a former Chairman of State Bank of India, added.
The company had recently launched a $200 million healthcare fund which focuses on investments in hospitals, specialty clinics, IT and BPOs, besides hi-tech equipment manufacturing units, he said.
The funds would be raised fully from overseas, the chairman said without divulging any further details.
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