Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group (ABFSG), held the second and final closing of the Aditya Birla Private Equity – Fund I.
The fund, which had received commitments of over Rs. 6.75bn in its first closing in January earlier this year, raised Rs 8.8bn (Rs 880 crores) in total after this final closing.
In the meantime, the fund committed Rs.500m in Gujarat-based Anupam Industries Ltd, a manufacturer of Material Handling Equipment (MHE).
The investment vehicle focuses on taking substantial minority stakes in unlisted, mid-cap, high-growth, India-centric companies. The fund is sector-agnostic.
FinSMEs
02/04/2010