Avendus to launch fund targeting listed companies
Avendus PE Investment Advisors plans to raise a fund worth up to $200 million to target mid-size listed companies in India, Reuters reported. This would be the third fund launched by the firm, a unit of financial services player Avendus Capital.
Manoj Thakur, Avendus PE, told Reuters that capital will be raised from domestic and offshore investors, and used to pick up stakes of 5-10% in listed companies through block deals and the gradual accumulation...
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