Indian PE firm ChrysCapital to raise $300m fund to retain NSE stake: Report
Indian PE firm ChrysCapital is seeking to raise as much as $300 million for a new fund to retain its minority stake in NSE.
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Indian PE firm ChrysCapital is seeking to raise as much as $300 million for a new fund to retain its minority stake in NSE.
As availability of local capital goes up, ChrysCapital may plan to tap domestic LPs for its next fund, says Shroff.
Chennai based Awfis competes with the likes of WeWork, Smartworks and Tablespace. The segment has seen a sharp recovery post Covid-19 with a bulk of the demand coming from the IT sector.
ChrysCapital has struck more than 100 deals in India, raised $5 billion over nine funds and returned $6.5 billion to investors. The leading private equity firm backs companies ranging from Lenskart and Bandhan MF to Mankind Pharma and GMM Pfaudler
2023 has been an active year for block deals and according to data from Prime Database, PE and venture capital firms exited investments worth Rs 57,338 crores through block deals between January and August as compared to Rs 41,051 crores during same period last year