Tuesday, October 17, 2006

Kotak pvt equity fund invests in Paramount Airways

Mumbai: Kotak Mahindra has invested about 30 per cent of its $160 million private equity fund in seven high-potential companies in India, even as it is in the final stages of making investments in two more companies.
Nitin Deshmukh, head of private equity at Kotak, said the group is bullish on the alternative asset classes in India, which, in addition to private equity, also include real estate and venture capital, among others.
The PE investments by Kotak include home textiles company Sabre International, CNC machines maker Bharat Fritz Werner, agri-biotech company Metahelix Life Sciences, software product company Four Soft, power control equipment firm Dynaspede Integrated and south-based full-service airline Paramount Airways.
17/10/06 Rajesh Abraham/Business Standard

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