IDBI Bank is planning to float a private equity fund. The size of the fund will be Rs. 1000 crores and will invest in mid-sized companies, particularly those in the power sector.
The capital markets division of IDBI, IDBI Capital Markets, already has a Rs. 50-crore private equity fund rolling, raised from internal accruals. It made a Rs. 10 crore-investment to pick up about 5% stake in Coimbatore-based textiles company Vijayeshwari Textiles.
Read the articles from The Economic Times, The Financial Express and Zee News.
Showing posts with label IDBI Bank. Show all posts
Showing posts with label IDBI Bank. Show all posts
Wednesday, December 27, 2006
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