By Kalpana Pathak
The assets are currently operated by Carrizo Oil and Gas Inc. and are being sold to BKV Chelsea LLC, an affiliate of Kalnin Ventures LLC.
The capital will be raised largely from high net-worth individuals and family offices.
Last month, the company raised $100 million via a QIP and promoter capital infusion.
At present, there are 101 domestic funds in the market targeting to raise around $14.4 billion.
Uber plans to build India-specific and global innovations at its Bengaluru centre and scale up its engineering team
The deal marks Lotte’s entry into the India ice-cream market and will give the company a larger geographic presence
Investors who have submitted bids include Kedaara,, Carlyle, Bain, Warburg Pincus, HDFC Ergo, ICICI Lombard, and Hero FinCorp.
The deal underscores Everstone’s healthcare focus as it already has interests in firms such as Rubicon, OmniActive and Ascent
The Satya Bharti University, to be set up in north India with a capacity to enrol 10,000 students, hopes to attract academics from across the world.
UTI Capital MD Rohit Gulati talks about the plans for the maiden fund and the debt market in India.