PFC to set up $1-bn PE fund with Tata Capital

Written by Press Trust of India | New Delhi | Updated: Nov 10 2012, 08:50am hrs
PFC along with Tata Capital will set up a $1-billion private equity fund, that would mainly focus on financing for domestic power projects. PFC would have 49% in the PE fund and the remaining shareholding would be owned by Tata Capital. The fund is likely to be finalised in the next 3-6 months.