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Dhirubhaism
Between my past, the present and the future, there is one common factor: Relationship and Trust. This is the foundation of our growth
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Date Time:07-01-2009 05:28
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Anil Ambani Launches $2-Billion Private Equity Fund
July 9, 2008 · Filed Under Reliance ADAG · Comment
Anil Dhirubhai Ambani Group (ADAG) is hitting the private equity road braving the market turmoil. The group is promoting a $2-billion yet-to-be named fund as a standalone entity, and not as part of Reliance Capital, sources said.
The group has put in place a fund team that is already chasing deals of at least $50-75 million in size. The general purpose fund has already raised over $500 million with Anil Ambani as anchor limited partner, sources added. Mr Ambani’s infusion is believed to have come from his personal holding companies - Batista and AAA.
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