Sunday, 5 July 2015
Last updated 1 day ago
Jun 5 2007 | 10:41am ET
Indian bank Yes Bank has launched what it calls the country’s first food and agribusiness private equity fund with US$100 million.
The YES Food & Agribusiness India Fund will take minority positions through expansion capital investments of between US$5 million and US$7.5 million, focusing on a wide variety of food and agricultural companies. According to the firm, target companies will range from fruits and vegetables, milk products, alcohol and food services and retail, among others. The fund will be managed by Sonal Shah, senior director of Agribusiness Funds Management.
“Food and agriculture is a segment which offers great untapped investment potential with various factors furthering its growth, such as rapid economic development and new business opportunities,” Yes CEO Rana Kapoor said.
The fund is targeting annualized returns of 20% to 25%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…