Private equity (PE) funds floated by Indian brokerages are making big inroads into the world of smaller companies as bigger PEs stay away from them.
Brokerages such as Motilal Oswal, Religare, JM Financial, Edelweiss, Anand Rathi Securities, IDBI Capital Markets, which together manage over Rs 2,600 crore, are seeing opportunities in the small-cap space, providing the much-needed expansion capital to entrepreneurs, who otherwise find it tough to raise funds to meet their capital requirements.
IDBI Capital Market Services, the broking and financial subsidiary of IDBI, launched a Rs 50 crore private equity fund aimed at funding small and mid-sized companies. The company along with other PEs such as Sidbi Ventures have invested in GSPC Gas, a subsidiary of Gujarat State Petroleum Corporation.
Read more in The Business Standard article.
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