Amit Patni and Arihant Patni have acquired around 43% stake in social investment bank, Grameen Capital India.

The stake is bought from former investor IFMR Trust.

The former Patni Computer Systems’ promoters have made the voluntary investment with no expectation of commercial returns, as stated by Arihant.

Patni Computer was bought by iGate Corp and de-listed from the exchanges earlier this year.

Established in 2007, Grameen Capital is a JV between Grameen Foundation, Citi and IFMR Trust. It is a financial advisory firm with a focus on driving the social development and has mobilized R700 Cr of capital till date.

Its clients include MFIs, affordable healthcare providers, low-cost education firms and other dynamic and sustainable organizations with a social development focus – from early-stage enterprises to established industry leaders.

The brothers have also set up a $75 Mn venture capital firm, Nirvana Venture Advisors which is still in the fund raising phase and has a focus on investing in internet companies in India.

In a similar move, Motilal Oswal PE was planning to launch India focused Impact Investment Fund with a corpus of R250-300 Cr for investment in socially relevant business.

Vistaar Financial Services also raised R40 Cr in Series B round from Lok Capital, Omidyar Network and existing investors - Elevar Equity and SVB Capital Partners.

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