For private equity (PE) arms of big Indian corporations, fund-raising, such as charity, seems to be beginning at home. The Reliance-Anil Dhirubhai Ambani Group (R-Adag) will invest Rs400 crore in a PE fund being floated by group company Reliance Capital Ltd. This will include a contribution from R-Adag chairman Anil Ambani, a senior official of the group said. Similarly, Aditya Birla Group chairman Kumar Mangalam Birla will invest around Rs300 crore in the group’s PE fund. The R-Adag PE fund may raise Rs2,000 crore while the Aditya Birla Group’s PE fund will have a corpus of about Rs1,500 crore. […]