SAIF Partners Expanding India Investments
Sat, 04/15/2006 - 22:13 — Sahad P V
Hong Kong-based SAIF Partners plans to expand its investment scope in India. The firm, which has already invested $100 million in the country, is looking at auto components and media sectors closely. It is currently raising its third fund of $800 million, and a 30 per cent of it's likely to be invested in India, Ravi Adusumalli, General Partner, SAIF Partners, told The Hindu Business Line.
He further added that they would invest about 20 per cent from their second fund (of $650 million) in India. SAIF Partners' third fund will be operational by the next year. This means SAIF would be investing about $370 million in India in the next three or four years.
SAIF is also on the verge of closing a JV deal with a media company "to invest in a new line of business related to the electronic media". This deal could be in the range of $30 million. [Via The Hindu Business Line]
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April 19, 2006
saif is not softbank though they use the name sometimes.