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Private Equity | 18 November 2014

Update: IFC Leads Investment In Tikona Digital Network

by Ahemad Shaikh
Update: IFC Leads Investment In Tikona Digital Network
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Broadband internet service provider, Tikona Digital Network has raised $45 Mn in a round led by International Finance Corporation to fund its expansion plans.

IFC infused $25 Mn while remaining $20 Mn came from funds managed by Goldman Sachs Asset Management, Oak Investment partners, Everstone Capital and L&T Infrastructure Finance Co. Ltd.

The funds would be used to fund the company’s expansion plans to cover mid income households and SME businesses in priority areas including Madhya Pradesh, Chhattisgarh, Rajasthan and Uttar Pradesh.

Read more: HERE

The government had recently allowed Tikona to hike the FII stake to 73.76% from 72.58%.

FTIL Sells Bourse Africa To Continental Africa Holdings

FTIL Sells Bourse Africa To Continental Africa Holdings

Jignesh Shah led, Financial Technologies India has sold its entire holding in Bourse Africa along with its wholly owned subsidiary Bourse Africa Clear, to Continental Africa Holdings, for a total consideration of $40.5 Mn.

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UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.

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