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Private Equity | 27 November 2012

Patni Brothers - Amit And Arihant Acquire Stake In Grameen Capital

by Paritosh Gajjar
 
@Paritosh
Amit Patni and Arihant Patni have acquired around 43% stake in social investment bank, @Grameen_Capital.

The stake is bought from former investor IFMR Trust.

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

L&T Finance To Sell Federal Bank Stake

L&T Finance Holdings Limited is planning to raise around $65 Mn by selling its 4.67% stake in Federal Bank, a Reuter’s piece stated.

Read More...

Qualcomm Ventures Invests In Portea Medical

Qualcomm Ventures through its $100 Mn (c.INR 6000 Mn) Qualcomm Life Fund has invested an undisclosed amount for a minority stake in serial entrepreneur duo K Ganesh and Meena Ganesh’s healthcare venture Portea Medical Private Limited.

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