IFCI Venture Cap launches three funds totalling Rs 1,000 cr
IFCI Venture Capital Funds Ltd, a subsidiary of public sector financial institution IFCI will set up three funds aggregating to about Rs 1,000 crore for auto, knowledge and clean technology projects.
By PTI |
NEW DELHI: IFCI Venture Capital Funds Ltd, a subsidiary of public sector financial institution IFCI, announced on Monday the launch of three funds aggregating to about Rs 1,000 crore for auto, knowledge and clean technology projects.
The funds comprises India Automotive Component Manufacturers Private Equity Fund with a target corpus of Rs 396 crore for the auto sector, Rs 250 crore fund to set up India Enterprise Development Fund to invest in knowledge based projects and a Rs 330 crore Green Venture Fund for setting up commercially viable clean energy projects.
The firm has received in principle approval from SEBI for the three funds.
The funds comprises India Automotive Component Manufacturers Private Equity Fund with a target corpus of Rs 396 crore for the auto sector, Rs 250 crore fund to set up India Enterprise Development Fund to invest in knowledge based projects and a Rs 330 crore Green Venture Fund for setting up commercially viable clean energy projects.
The firm has received in principle approval from SEBI for the three funds.
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