Date:10/08/2006 URL: http://www.thehindu.com/2006/08/10/stories/2006081003791802.htm

Business - Briefly

JM Financial launches private equity fund

CHENNAI: The JM Financial group is launching a corporate private equity fund, JM Financial India Fund, teaming up with the U.S.-based Old Lane Partners. The initial corpus of the fund will be $150-175 million and it will invest in Indian companies. According to a BSE release, the required funds are being raised from domestic and overseas investors, subject to necessary approvals.