India-focused investor Eredene Capital will seek shareholder approval to enter the fund management business and raise $200 million to fund a pipeline of ports and logistics investments, its chief executive said on Monday. Eredene's ability to raise money using its listed equity has been limited after its shares were hit by an expensive divorce from its externally managed investment firm Saffron Capital. Shares in Eredene were up 1.5 percent at 16.75 pence at 1108 GMT, but are less than half their February 2005 peak of 37 pence, when it began trading on London's junior AIM market. "We're talking with shareholders whether to raise funds through an issue of equity or via a third-party fund management route, and we can see ourselves going down that route," Eredene CEO Alastair King told Reuters in a telephone interview.   more »