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.