Sharekhan gets Rs 144 cr from US co | india | Hindustan Times
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Sharekhan gets Rs 144 cr from US co

Online brokerage firm Sharekhan has bagged an investment worth Rs 144 crore from General Atlantic LLC (GA).

india Updated: Apr 13, 2006 13:48 IST

Online brokerage firm Sharekhan on Wednesday said it has received an investment worth Rs 144 crore from private equity firm General Atlantic LLC (GA).

The investment will be through a combination of primary investment in the company and secondary investment to buy the entire shareholding of First Carlyle Ventures (The Carlyle Group), the company said in a release.

Sharekhan would use the proceeds to fund the company's strategic initiatives, it added.

Abhay Havaldar, Managing Director and Sunish Sharma, Vice President, based out of General Atlantic s Mumbai office would be joining Sharekhan's board of directors, it said.