Friday, May 9, 2008

Private Equity Investment Raised

MUMBAI: Entertainment, media and communications company Percept, today said it has raised a private equity investment of Rs 62 crore from Indivision India Partners (Indivision), Mauritius.

The company has raised the investment to fund its expansion plans, a release issued here said.

"We are happy to announce the strategic participation of Indivision India Partners in our expansion plans and we look forward to a mutually beneficial relationship going forward," company's President (Corporate Affairs) Ajay Upadhyay said in the release.

With this investment, the total strategic private investment in Percept till date is Rs 150 crore.

Percept had earlier received investmetns from Passport Capital and Edelweiss.

The investment was facilitated by Future Capital.

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