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March 17, 2005

Raise Private Equity, boost valuation, go IPO

Economic Times points out how companies are finding it attractive from a valuation perspective to raise money from private equity funds just before going in for an IPO.

Suzlon Energy’s IPO plan is a classic case. Last November, Suzlon raised Rs 100 crore through issue of equity and convertible preference shares to ChrysCapital.

The non-conventional energy major had also raised Rs 100 crore from Citigroup Venture Capital International, a Citigroup global investment unit, a few months ago.

Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.