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Private Equity | 18 April 2012

Janalakshmi MFI To Raise R50Cr, Lok Capital May Exit

by Charmi Gutka
 
@charmi
@Janalakshmi_Financial Pvt Ltd is planning to raise upto R50Cr from PE investors. This deal will provide an exit route to @LokCapital_I, the Michael and Susan Dell Foundation and @Bellwether who funded the company when it was set up in 2007.

It also has plans to raise additional capital of R80Cr to R100Cr in 2012-13 in order to achieve its planned scale of business operations.

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GDF Suez UK is acquiring 26% in GAIL's proposed floating liquefied natural gas import terminal project on the east coast.

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SocialCops Secures Seed Funding From 500 Startups, Others

Delhi based SocialCops, a social analytics & reporting app has raised $350 K (c.INR 21 Mn) in seed round from 500 Startups, Rajan Anandan, Manoj Menon and other angels.

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