<article>Faering Capital is hoping to exit RBL while Locanix has raised $295,000. German bank KfW is coming aboard to fund a wind power project.</article>

Faering Capital is hoping to exit RBL while Locanix has raised $295,000. German bank KfW is coming aboard to fund a wind power project.
<h3>Faering looks to exit RBL</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Faering+Capital" target="_blank">Faering Capital</a>, the private equity fund founded by HDFC Bank chairman Deepak Parekh&#8217;s son Aditya and Sameer Shroff, is looking to exit its five-year old investment in Ratnakar Bank Ltd (RBL) through its proposed initial public offering.
Faering had invested Rs 100 crore for a 4 per cent stake in 2011, and would make more than double of that amount at the estimated IPO valuation of between Rs 7,000 crore and 7,500 crore, according to a report in the Economic Times.
This return would help it raise its second fund, expected to have a corpus of Rs 1,800 crore. Its first fund of Rs 800 crore has made 15 investments across various sectors.
<h3>Locanix raises Rs 2 crore</h3>
Ahmedabad-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Locanix+" target="_blank">Locanix</a> has raised Rs 2 crore in funding from Cisco and senior executives of Goldman Sachs.
The startup, founded in 2013, uses GPS tracking to provide efficient logistics solutions. It has clients such as Amul and Sadbhav Engineering.
The funds will be used for further scaling up, said founder Ruchit Surati in a press release.
<h3>KfW to invest in Indian solar park</h3>
German&#8217;s <a style="color: #000080;" href="https://www.kfw-entwicklungsbank.de/International-financing/KfW-Development-Bank/Topics/Energy/Fokus-Erneuerbare-Energien/" target="_blank">KfW Development Bank</a>, which has made several private equity and social investments in India, is putting in Rs 300 crore for stakes in two solar power projects in Maharashtra and Kerala.
The projects are being executed by the Ministry of New and Renewable Energy. The solar panels for the project might be set up on water bodies, according to a Economic Times report.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/?s=dealbook" target="_blank">India Dealbook: Gomalon raises funding, Wonderla gets anchor investors</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/?s=dealbook" target="_blank">Pratilipi, YourDOST, Voler raise funds; Sabre part exits Man Infraconstruction</a>

India Digest: Faering to exit RBL, Locanix gets $295k, KfW to fund solar power project

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India Digest: Faering to exit RBL, Locanix gets $295k, KfW to fund solar power project

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief