Thursday, April 24, 2008

PE fund to invest in energy

A Norway-based private equity fund will invest Rs 400 crore (500 million Norwegian kroners) in India's energy sector that is expanding rapidly to meet the South Asian country's growing need for power and oil.

The Indo-Nordic Private Equity AS was launched last week in Norway's capital of Oslo by Indian Ambassador Mahesh Sachdev and that country's richest man Stein Erik Hagen.

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