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ACUMEN CAPITAL TO INVEST US$ 50 MLN IN INDIA'S MEDIA,TELECOS.
CHANDIGRAH, June 30 Asia Pulse - Private Equity firm Acumen Capital Advisor is looking to invest US$50 million in India's IT, media and telecom companies by the end of December this year.
"We have identified technology, media and telecommunications as potential areas where we would like to invest. We are expecting that by the end of this year, we will be finalizing deals worth USD 50 million by picking up stake in Indian companies," Acumen Capital Advisor Private India Limited, Managing Partner, Gautam Seengal said.
Presently, the firm is in talks with three companies to invest USD 10 million, which will help them in funding their expansion projects, he said but refused to divulge names of the companies.
"We are in negotiation ...
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