IDBI Bank is planning to float a private equity fund. The size of the fund will be Rs. 1000 crores and will invest in mid-sized companies, particularly those in the power sector.
The capital markets division of IDBI, IDBI Capital Markets, already has a Rs. 50-crore private equity fund rolling, raised from internal accruals. It made a Rs. 10 crore-investment to pick up about 5% stake in Coimbatore-based textiles company Vijayeshwari Textiles.
Read the articles from The Economic Times, The Financial Express and Zee News.
Dealcurry: Capital Markets, Investment Banking, Private Equity 