BUDGET 2000
SPECIALS
INTERVIEWS
COMMENTARY
GOVT&ECONOMY
Y2K: BIZ FEATURES
INDIA & THE WTO
CREDIT POLICY
BIZ IN THE USA
CARS & MOBIKES
MANAGEMENT
CASE STUDY
BIZ-QUIZ
USEFUL INFO
ARCHIVES
NEWSLINKS
SEARCH REDIFF

Search Rediff

Barings plans $100-mn India equity fund

The Netherlands-based Barings Private Equity Capital will float a $100-million private equity fund for India, a senior official said.

"We will be raising $100 million or more to invest in the Indian information technology, pharmaceuticals and consumer service sectors," Akhil Awasthi, vice-president of Barings Private Equity Capital said.

Barings will raise the funds by December from investors in the United States, Europe, the Middle East and Japan and will invest these for five years in Indian companies, Awasthi said.

Preliminary talks with potential investors had already begun in the United States, he said. "Investors in the United States usually expect a 25-30 per cent return in dollar terms from private equity funds," Awasthi said about the kind of returns that the fund would aim to achieve in India.

Barings already manages a $30-million private equity fund in India since 1997.

Back to top

(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report