Page 13 - Funds

Poonawalla Fincorp to clean up by shutting ops in elevated default areas

Adar Poonawalla backs former MD Bhutada, says he hasn't done anything, according to lawyers

India Resurgence Fund invests $75 million in Thrissur Expressway

The Piramal- and Bain Capital-promoted fund will use the money for recasting TEL's existing debt and for last-mile financing to enable project completion

Arvind SmartSpaces raises Rs 85 crore through H-CARE 1

The Board of Directors of approved the allotment of 6.85 million equity share aggregating to about Rs 85 crore to H-CARE 1 and the promoters of ASL at the price of Rs 124/sh

Nearly a third of NDB's funding provided for fighting Covid: NDB President

NDB has approved more than $3.6 billion loan for seven operations that entail on-lending through national financial intermediaries.

Walton Street Blacksoil fund gets commitments of Rs 360 cr for its new fund

The Rs 500 crore fund has an additional green-shoe option of Rs 250 crore

China tightens scrutiny on $9.3 trillion fund industry: Report

Fund managers should align their interests more closely with investors, and refrain from hyping their products, Yi Huiman, chairman of the China Securities Regulatory Commission said

Into the tax net: Pooled fund not service providing entity, says IVCA

Specific to AIFs, the IVCA said the funds are a mere pooling vehicle and not a service providing entity

Long-only alternative investment funds outperform long-short peers in July

Of the 32 long-only funds, all except one managed to beat the Nifty50 returns of 0.3 per cent during the month

FM Sitharaman to launch Ubharte Sitaare Fund in Lucknow on Saturday

Finance Minister Nirmala Sitharaman will launch an ambitious 'Ubharte Sitaare Fund' for export-oriented firms and startups on Saturday

SBI MF launches open-ended dynamic asset allocation fund

The fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio.

SoftBank's Vision Fund posts $2 bn Q1 profit, share weakness casts shadow

China regulatory action has hit valuations, but sees further upside from listing of Paytm, Policybazaar

Sebi halves the post-IPO lock-in period for promoters to 18 months

Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)

Active large-cap funds outperform benchmarks as rally gets broad-based

Average one-year return at 48% versus Sensex's 45% gain

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

India's first venture fund by startup founders launched with $85 mn corpus

The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)

Taliban demanding funds, recruiting people in Balkh province of Afghanistan

The Taliban in Balkh province are collecting funds forcefully and also recruiting local people, according to officials

Vivriti Asset Management launches two debt AIFs

Vivriti Asset Management has raised commitments of over Rs 1,500 crore across its funds and provides tailored debt of Rs 25-75 crore to emerging and mid-sized operating companies, for 2-5 year tenor.

Coforge board approves proposal to raise Rs 375 cr via various instruments

IT firm Coforge Ltd, erstwhile NIIT Technologies, on Tuesday said its board has approved plans to raise up to Rs 375 crore through various instruments

Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses

Investors in the fund include family offices such as Narayana Murthy's Catamaran, Fund is already committed to two deals worth $44 million, one of which is API Holdings, parent company of PharmEasy

Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company

The promoters have raised these funds by means of a long-term instrument having tenure greater than three years with no repayment obligation prior to that