Lok Capital closed its second fund, Lok Fund II, at $65 million, the Mumbai-based impact investment-focused venture capital fund announced on Wednesday.
Several firms may knock on the doors of the Securities Appellate Tribunal (SAT), a quasi judicial body, to decide the fate of their IPOs which have been hanging fire for months.
UK-based telecom major Vodafone has moved a step further to list its India operations by roping in investment bank NM Rothschild to assist the listing plans.
The performance of many IPOs was affected badly, with two out of every three issues that hit the market in 2011, offering negative returns to investors.
The performance of many IPOs was affected badly, with two out of every three issues that hit the market in 2011, offering negative returns to investors.