Aditya Birla Capital Raises $48M Fund

Aditya Birla Capital Advisors, private-equity arm of the Aditya Birla Group, has raised 2.2 billion rupees ($48 million) in its second private equity fund, Reuters reported. The fund will take minority stakes primarily in unlisted, India-centric businesses in sunrise sectors such as lifestyle, life skills and education, life care and applied technologies, Reuters wrote.

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