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Monday, March 14, 2011

Anil Ambani Group's VC arm ready to Splurge


The Anil Ambani Group's venture capital arm, Reliance Venture asset Management (RVAM), has drawn up to $150 million in roughly a dozen companies in FY'12. Mr. Harshal Shah said that they are looking to spend $ 100-150 million in 6-12 deals next fiscal. The amount to be paid for investment is broadly the same as ongoing 2010-11 financial year. Mr. Shah told, Educat-ion, infrastructure ancillaries, health care and aerospace and defence are sectors which the fund is bullish.

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