SBI, Edelweiss create $100m India PIPE fund
SBI Holdings and Edelweiss Financial Services have agreed to set up a fund focused on investments in listed small and mid-cap companies in India. The vehicle, known as EW SBIH Crossover Fund and based in Mauritius, will have initial capital of $100 million, 75% of which will come from SBI and 25% from Edelweiss.
"India is the second-fastest growing economy in the world and this growth story is best being captured by hundreds of small and mid-cap companies that are poised to create long-term value," said Rashesh...
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