Financial Daily from THE HINDU group of publications
Thursday, Jan 05, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 05, 2006 |
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Markets
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People Prakash Karnik joins IDFC Private Equity Our Bureau
Mumbai , Jan. 4 MR Prakash Karnik has joined the investment team of IDFC Private Equity, the private equity arm of Infrastructure Development Finance Company, as Executive Vice-President. Mr Karnik will be responsible for investment activities of the two funds managed by the company - India Development Fund and IDFC Private Equity Fund II, said a press release from the company. Prior to IDFC, Mr Karnik was general manager in charge of primary markets at UTI. He started the primary markets division of UTI in 1985 and was also involved in setting up India's first venture capital fund with ICICI in 1987. He was also director of Indian operations of Jardine Fleming Electra/Electra Partners Asia, one of the foreign venture capital funds in the country. Currently he is a member of the Listing Advisory Committee of the NSE.
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