Date:07/04/2006 URL: http://www.thehindu.com/2006/04/07/stories/2006040702831803.htm

Business - Briefly

IDFC private equity fund II raises $430 m

CHENNAI: IDFC Private Equity has raised Rs. 1,900 crore ($430 million) in its second fund, IDFC Private Equity Fund II. The first fund, which closed in 2004, was for Rs. 840 crore ($190 million). According to a release, unlike in the first fund, which only had domestic investors, the second fund has mainly overseas investors.