Monday, December 1, 2008

Actis to pump in $1 bn in India in 3-4 yrs

Despite the terror attacks in Mumbai on 26th November 2008, Actis is going ahead with its plan of investing Rs.5000 crore in the next 3-4 years. The firm continues to be positive on the India's growth potential.

A pioneer in management buyouts, Actis has been a consistent private equity investor in India for over 10 years.Over this period Actis has worked in partnership with a number of promoters and management teams to create tremendous value for their businesses.Actis has successfully closed its 2.9 billion dollar PE fund - Actis Emerging Markets 3 (AEM3)- which exceeded the target of 2.5 billion dollar. AEM3 included commitments from a diversified group of 100 investors from across the globe, including a number of first time investors in emerging markets.

Read more in The Economic Times article.

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