Business Daily from THE HINDU group of publications
Friday, Jun 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Jun 13, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
Markets
-
Financial Services
Our Bureau Hyderabad, June 12 Sequoia Capital, which manages a portfolio of about 50 companies through four funds in the country, is scouting for more investments. Simultaneously it is set to exit from some of the investments during the year through mergers and acquisitions. On the sidelines of press conference by SatNav Technologies where Sequoia invested $7 million, the Managing Partner of Sequoia Capital, Mr Mohit Bhatnagar, said that the company manages over 50 companies through overall fund of $1.2 billion, which includes investments in Applabs and SKS Microfinance, and continues to scout for more investment opportunities. “We have adequate funds now from the four funds we closed and currently manage. We are constantly evaluating investment opportunities in companies that have mass market appeal. The investment in SatNav, yet another company from Hyderabad, with great market potential for growth, is just another instance,” he said. In the country, the company has invested in Bharti Telesoft, Coffee Day, Idea Cellular, FirstSource, India Times and recently exited FirstSource. “We are cautious about exits and take a call appropriately. Therefore, we continue to be invested in AppLabs, which is doing very well,” he said. “Sequoia keeps all options open and the choice of the exit route could be different depending upon what the situation warrants. If the markets are not conducive, we often take the merger and acquisition options to add value. Couple of firms (without naming them),” he said, “may go the M&A way.” More Stories on : Financial Services
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|