PE fund

Axis Bank is in discussions with the limited partners (LPs) of its Rs 600 crore private equity fund for a suitable way forward as the third largest private sector lender wants to exit the PE fund, said Shikha Sharma, MD & CEO, Axis Bank on Thursday.

Kerala-based gold len­der Muthoot Finance Limited (MFIN) has raised
Rs 43 crore in the second round of institutional funding from Kotak India Private Equity Fund (KIPEF) for an undisclosed minority stake in the company. This is the second time in less than 30 days that the firm has raised money from private equity players.

Tata Capital, the financial services arm of diversified conglomerate Tata Group, on Wednesday said it plans to raise $1 billion private equity fund from domestic and overseas investors by December 2011.

Leading domestic brokerage Motilal Oswal Financial Services (MOFSL) is planning to raise Rs 1,000 crore for its second private equity fund sometime during the next calendar year, its chairman and

Goenka said that they were in talks with a few PE funds in this regard.

Insurer, housing arm scouting for third partner