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NSR has assembled a strong portfolio of companies capitalizing on the tremendous growth in Asia and the Middle East,” said Parag Saxena, Founder and CEO of New Silk Route. “However, the opportunities for our investments are not simply confined to those regions. The purpose of the Strategic Advisory Board will be to provide guidance and identify potential business opportunities for our investments in markets across the globe in order to drive maximum value for our investors.
I believe that the Indian consumer sector, particularly retailing and restaurants, will continue to do well in 2012 driven by the overall increase in population wealth. Interest rates have peaked and we should start seeing lower interest rates towards the end of next year. That will positively impact Indian financial institutions. Additionally, as people recognize that European turmoil will only have a modest impact in India, I expect the rupee to strengthen by at least 5% from its current level (Rs. 53.30/$1). Finally, I am optimistic that 2012 will also see positive rule changes and increased transparency surrounding India’s infrastructure and government procurement processes. This will benefit companies involved in the bidding process and overall competition in India in general.
New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.
New Delhi: Asia-focused private equity (PE) firm New Silk Route Partners LLC Tuesday said it has acquired a minority equity stake in India-based educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.
Hyderabad: Private Equity fund, New Silk Route Group, has picked up a minority stake in Varsity Education Management Pvt Ltd with $30 million.
New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.
Amonix Inc., the leading designer and manufacturer of utility-scale concentrated photovoltaic (CPV) solar power systems and lead investor Kleiner Perkins Caufield & Byers (KPCB), announced their interim management plan in succession with the tragic passing of Amonix CEO, Brian Robertson. Robertson was a solar pioneer with significant expertise in the solar industry. He joined Amonix in late 2009 with the acquisition of Sunworks Solar LLC, where he was co-founder and CEO (2008-2009). Prior to that, he co-founded Sun Edison LLC. Under his leadership at Amonix, the company grew its installed marketshare and is well-positioned for ongoing success. His strong legacy will continue to be honored by Amonix and those he touched
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