The Oman India Joint Investment Fund (OIJIF) has raised USD220mn towards the first close (tranche) of its new fund of USD300mn, according to a report in the Economic Times. The anchor investors in the new fund are State General Reserve Fund of Oman and India’s largest bank, State Bank of India. The fund will deploy capital in growth companies and look at investing around USD20-40mn in each deal, the newspaper quoted OIJIF Chief Executive Srinath Srinivasan as stating. (Oman Observer)
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