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CCEA to weigh JM’s Rs 900-cr PE fund

A Proposal from JM Financial Trustees Company to set up a Rs 900-crore private equity fund has been referred to the Cabinet Committee on Economic Affairs (CCEA). The Mumbai-based trust is meant to mobile funds in the domestic market as … […]

Blackstone invests $275 mln in India's Ushodaya

MUMBAI, Jan 29 (Reuters) – U.S. private equity firm Blackstone Group [BG.UL] has invested $275 million in Indian media company Ushodaya Enterprises Ltd. for an undisclosed stake.

The Blackstone Group will also have representation on the Ushodaya board, a joint … […]

PFC in the dark over venture fund allies

India Power Fund — a power sector venture capital fund to be promoted by Power Finance Corporation (PFC) — has remained a non-starter even after two years of its announcement. Meanwhile, a number of private equity funds are gearing up … […]