Sidbi Venture Capital (VC) is planning to launch a new fund targeted at the small and medium enterprises (SME) segment early next year.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The new fund will be announced once the SME fund is fully deployed by the year-end, Chief Executive Officer Anil Kapur said on the sidelines of a press conference to announce an investment of Rs 30 crore in two Centaur Group companies.
</p><p class='TableClas'>The VC company has a total corpus of Rs 600 crore and Centaur is the 21st investment from the SME fund. It invested Rs 30 crore in Centaur Pharmaceutical and Centaur Chemicals to acquire minority interest.
</p><p class='TableClas'>The group intends to tap the capital market after two-three years and Sidbi VC intends to cash out at that time.
</p><p class='TableClas'>The venture capital arm of Small Industries Development Bank of India (Sidbi) already has two funds 

Sidbi Venture Capital lines up new fund

Also Read

GMR Infra, HDIL, Thermax & V-Guard Ind Q4 results

SBI does a U-turn on farm equipment loans

Ranbaxy launches operations in Yemen

US envoy raps bandh culture

CII to adopt 10 ITIs

Explore News