NEWS & VIEWS

Global private equity and venture capital news and research

Tata Capital buys Pluss Polymers stake for $2.7m

3 Dec 2012

Tata Capital, the investment arm of Indian conglomerate Tata, has paid INR150m ($2.7m) for a stake in Pluss Polymers.

The company said it plans to use the funds for R&D and manufacturing of its specialised polymers and phase-change materials.

Tata made the investment through its Tata Capital Innovations Fund, which concentrates on technology investments for start-ups all the way through to mature companies.

Fund partner Mohan Harshey said, “Pluss is a good example of the strength of Indian intellect and entrepreneurship.

“Through in-house research & development, it has developed products which address topical issues and have wide scale applications.”

Earlier this month Tata Capital also announced plans to launch a $1bn energy-focused private equity fund with India state-backed Power Finance Corporation.

PFC chairman and managing director Satnam Singh told local media the company would own a 49 per cent stake in the new vehicle, with Tata Capital holding the remaining interest.

Copyright © 2012 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015