PTC India Ltd. has entered into an initial agreement with a sovereign wealth fund to create a private equity fund with a start-up capital of $200 million, chairman of the state-run power trading company said Monday.
The fund will aim to buy stakes in power projects in India and in coal mines overseas. “Such a private equity company will boost our core power trading business,” Tantra Narayan Thakur said, without revealing the name of the sovereign wealth fund………………………………………..Full Article: Source