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According to a report in Business Standard, Taib Bank has emerged as the largest lead foreign investor in the $155 million Leverage India Fund anchored by IL&FS Investment Managers Limited (IIML). Taib Bank is learnt to have contributed close to $60-70 million for this fund which is IIML's seventh fund and the largest one so far.

Besides this, Taib Bank has an investment arm in India which sources funds from global high networth individuals (HNIs) and invests in Indian firms. The other large investor in the fund is Punjab National Bank.

The India Leverage Fund from IL&FS has been preceded by AIG Indian Sectoral Equity Fund with a corpus of Rs 364 crore, the South Asia Regional Apex Fund with a corpus of Rs 110 crore, India Project Development Fund with Rs 91 crore, and India Auto Ancillary Fund with Rs 65 crore. (Via Business Standard)

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IL&FS' Leverage India Fund Closes At $155 Million