Financial Daily from THE HINDU group of publications
Friday, Jan 27, 2006
Financial Daily from THE HINDU group of publications Friday, Jan 27, 2006 |
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Markets
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Venture Capital India Growth Fund spots cos to invest Nilanjan Dey
Kolkata , Jan. 26 INDIA Growth Fund, the private equity vehicle backed by Kotak Mahindra, has identified at least four companies in which it may invest in the coming months. The fund, which mainly plans to allocate to fast-growing sectors, has already managed to single out a few promising cases, indicated Mr C. Jayaram, Executive Director, Kotak Mahindra Bank. India Growth Fund, which has been formed in partnership with SEAF Management of the USA, was announced in late 2004 and had then targeted a final close with commitments in the Rs 400-450 crore range. "The companies that have been spotted represent diverse segments of the economy," Mr Jayaram said, adding that private equity investments are set to become more important in the emerging context. Some of the sectors that were initially identified by the Kotak Mahindra management were IT, life sciences, entertainment and media.
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