Tata Capital in talks with PFC to launch $1b PE fund
Tata Capital is reportedly in talks with India’s Power Finance Corporation (PFC) to launch a $1 billion private equity energy fund. The private equity player will own 49% of the joint venture, with the remainder held by PFC. Around $300 million is expected to be raised in the first phase.
The fund will target power projects and may also look at buying stakes in coal mines in later stage, Satnam Singh, chairman and managing director of PFC, told local media. "The PFC board has shortlisted...
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