Evolvence India Holdings PLC said it has completed investing about 40 mln usd, raised through its initial public offering, into the Evolvence India Fund (EIF), an established private equity fund focusing on growth capital in India.
Evolvence India Holdings, a … [...]
IFC, the private sector arm of World Bank group, has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to US$ 8 million in LANCO Amarkantak Power Pvt Ltd (LAPPL). LAPPL, a special purpose vehicle promoted by LANCO Group, is developing a thermal power station in Chhattisgarh comprising two coal-based units of 300 MW each. The total project, estimated to cost around Rs 2,600 crore, is scheduled for completion in 2008. DEG, the private sector arm of KFW, Germany has already committed to having a 9 per cent stake in LAPPL and with LANCO Infratech Ltd holding 75.16 per cent, the balance equity would be held by other minority shareholders. [...]