Tata Capital, financial services arm of Tata Group is mulling to set up its private equity (PE) business by the end of first quarter of the next financial year, reports Economic Times.
The funds required for the business would be raised by company along with third-party investments. The company is already in talks with domestic and international players for third-party investments, disclosed company`s managing director and CEO Praveen P Kadle.
He also said that the PE firm in its first round would fund around USD 350 million to USD 500 million across all sectors.
He added that the PE business would first look at the non-listed companies in the Tata ecosystem and divestment opportunities after that.
Source: My Iris