09.12.2010 - Ambit Capital hits road to raise $150mln Shariah compliant fund
From Vccircle.com: Ambit Capital, the institutional equities and asset management vertical of Mumbai-based domestic investment bank Ambit Holdings Pvt. Ltd, has hit the fund raising mode for its $150-million Shariah-compliant fund. Ambit Capital CEO (Equities) Andrew Holland, who is spearheading the venture, is currently doing soft marketing of the fund to institutional investors and family offices in the Middle-East. The Shariah-compliant fund will be jointly marketed by Ambitís new investor, Qatar-based QInvest Llc. In February this year, QInvest paid Rs 250 crore to purchase a 25.01% stake in the operating company Ambit Corporate Finance..............................................Full Article: Source
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