NEW DELHI: Mumbai-based financial services group, ASK is planning to set up a $1bn (approx Rs 4,040 cr) private equity fund by the end of financial year 2009-10. According to industry sources, the group, promoted by brothers Asit & Sameer Koticha, is in the advanced stages of finalising the blueprint of the PE fund. The group, known for its broking business, is expected to make a formal announcement before the end of this calendar year. In fact, the group is also looking to start a mutual fund and real estate businesses in future.
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Monday, September 17, 2007
ASK Group plans PE business foray; $1 bn purse by 2010
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