Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  Gulf private equity fund for India
BackBack

Gulf private equity fund for India

Gulf private equity fund for India

Premium

Dubai: The $200 million (Rs820 crore) Indian private equity (PE) fund, promoted by Gulf companies, has evoked good response from regional institutional and individual investors.

Khaleej Finance and Investment (KFI) and its regional partners said the Indian PE fund has attracted interest from many institutional and individual investors, both regionally and internationally.

The fund was structured to allow KFI’s investors an entrance into the Indian PE market. The fund is allocated to two main portfolios, 50% real estate and development, and 50% PE.

KFI said the minimum subscription for individuals is $250,000 and $1 million for institutions and it has targeted an internal rate of return in excess of 25%.

The fund will invest in sugar, iron and steel, cement, pharmaceuticals and biotech, information technology, and telecommunications.

KFI said ICICI Bank would be its financing partner for the India fund, while ICICI Securities would be the PE adviser. ICICI Home Finance Company has been chosen as the real-estate adviser.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 26 Apr 2007, 01:10 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App