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Private Equity
pragatifund.com

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Investments

4

Funds

1

About Pragati India Fund

Pragati India Fund is an India-focused private equity fund investing in small and medium sized companies with strong entrepreneurial and management capabilities.

Pragati India Fund Headquarters Location

#436, Regus Business Centre, Level 4 Rectangle I, Commercial Complex

110 017,

India

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Latest Pragati India Fund News

Pragati India Fund sells 15% stake in PTC; Sterlite Power offloads over 14% units in IndiGrid

Aug 14, 2020

PTC Industries share price was locked in 20 percent upper circuit on August 14 at Rs 582.50 Sunil Shankar Matkar × Sponsor Sterlite Power Grid Ventures has offloaded 14.65 percent units of KKR and Singapore's GIC-backed India Grid Trust via open market transactions on August 14. Private power transmission company Sterlite Power Grid has sold 8,55,07,569 units (representing 14.65 percent of total outstanding units) at Rs 98 per unit, bulk deals data available on the NSE showed. As per shareholding pattern available on exchanges at the end of June, Sterlite Power held 15 percent (8,75,48,026 units) in the company. India Grid is an infrastructure investment trust (InvIT) established to own inter-state power transmission assets in India. IndiGrid was established in October 2016 by sponsor Sterlite Power Grid Ventures. related news Danske Invest India Fund, Societe Generale and Morgan Stanley Asia Singapore acquired 30,75,408,  89,71,074 and  38,17,044 units in India Grid at Rs 99.02, Rs 98 each, respectively. Among other deals, Vikas Vijaykumar Khemani, the Founder of Carnelian Asset Management, acquired 27,000 shares (representing 0.51 percent of its total paid-up equity) in casting and machine components manufacturer PTC Industries at Rs 533.46 per share on the BSE. Well-known investor Porinjuv Veliyath also bought 27,000 shares at Rs 469.52 per share. Mona Russell Mehta bought 4.5 lakh shares in PTC Industries at Rs 453.01 per share and Pankaj Prasoon And (HUF) acquired 63,000 shares at Rs 453.60 per share. However, Pragati India Fund was the seller in PTC Industries, selling 7,85,913 equity shares (representing 15 percent of total paid-up equity) at Rs 453.74 per share. As of June, Pragati India Fund held 20 percent stake in the company. PTC Industries share price was locked in 20 percent upper circuit on August 14 at Rs 582.50. Plutus Wealth Management has bought 14.85 lakh shares in HeidelbergCement India at Rs 191.72 per share on the NSE. KKR India Financial Services has offloaded 70.5 lakh shares in CG Power and Industrial Solutions (or 1.12 percent of total paid up equity) at Rs 13.56 per share on the BSE. KKR India had held 8.10 percent stake (5,07,36,588 equity shares) in CG Power as of June 30. Adesh Ventures sold 7,87,863 shares in Man Industries at Rs 60.36 per share on the NSE Trishashna Holdings & Investments Pvt bought 3,94,835 RE shares in Satin Creditcare at Rs 23.5 per share, whereas UTI Mutual Fund - Banking Sector Fund (UT163) sold 1,08,533 RE shares at Rs 26.06 per share on the NSE. First Published on Aug 14, 2020 09:27 pm

Pragati India Fund Investments

4 Investments

Pragati India Fund has made 4 investments. Their latest investment was in Deep Chand Dialysis Centre as part of their Growth Equity on September 9, 2014.

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Pragati India Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/10/2014

Growth Equity

Deep Chand Dialysis Centre

$4.31M

Yes

1

8/20/2013

PIPE

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$99M

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10

6/14/2012

Series A

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$99M

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0

4/12/2012

Private Equity

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$99M

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0

Date

9/10/2014

8/20/2013

6/14/2012

4/12/2012

Round

Growth Equity

PIPE

Series A

Private Equity

Company

Deep Chand Dialysis Centre

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Amount

$4.31M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

0

0

Pragati India Fund Fund History

1 Fund History

Pragati India Fund has 1 fund, including Pragati Venture and Incubator Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/3/2012

Pragati Venture and Incubator Fund

Multi-Stage Venture Capital

Open

$70M

1

Closing Date

4/3/2012

Fund

Pragati Venture and Incubator Fund

Fund Type

Multi-Stage Venture Capital

Status

Open

Amount

$70M

Sources

1

Pragati India Fund Team

1 Team Member

Pragati India Fund has 1 team member, including current Managing Director, Narayanan Shadagopan.

Name

Work History

Title

Status

Narayanan Shadagopan

Managing Director

Current

Name

Narayanan Shadagopan

Work History

Title

Managing Director

Status

Current

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