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Srei to float $150m fund

Srei Venture Capital (SVCL), the wholly owned subsidiary of Srei Infrastructure Finance, is in the process of floating another fund. Disclosing this, Hemant Kanoria, chairman and managing director (CMD) of Srei Infrastructure Finance, told Financial Chronicle: “Currently we are holding road shows or you can say our men are pilot fishing around the world, particularly in countries like the US, the UK, Japan and Hong Kong.” “They will be back in the next three to four weeks time with their feedback. And then we will take a call on which plan, which funds and which country we would go with,” said Kanoria, adding, “Our idea is to slowly but surely moving into becoming one of the most innovative venture capital players in the country.” […]

Yes Bank to raise Rs 1,500cr via QIP

Private lender Yes Bank on Sunday said it will raise about Rs 1,500 crore during this fiscal to fund its growth strategy. “By March 2010, we are looking to raise about $200-250 million through Tier I capital via Qualified Institutional Placement (QIP),” Yes Bank MD and CEO Rana Kapoor said at the sidelines of the India Economic Summit here. (TOI) […]