ET, 13 August 2007, page 19
PE funds invested $270 million in broking companies in the first half of 2007.
In 2006, they invested $202 million.
Citigroup venture Capital along with other entities plan to acquire 85% of sharekhan.
Bessmer and New Vernon urchased a 9.29% stake in Motilal Oswal for $28.10 million.
Millennium India Acquisition company (MIAC) acquired 14.9% in Delhi based SMC group.
PE firms look at retail and institutional volumes, overall presence, distribution network, brand equity among other aspects wile investing a broking firm.
Monday, December 10, 2007
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