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Abraaj, Sabre $250m JV Indian fund
- United Arab Emirates: Tuesday, March 21 - 2006 at 16:34
Dubai-based Abraaj Capital and Indian firm Sabre Capital have formed a 50:50 joint venture company called Sabre Abraj Capital to open a $250m fund that will buy up stakes in Indian companies, both listed and non-listed. The fund will close by the end of 2006 and start investing in 2007. Institutional investors will be sought from the Middle East, Europe and Asia.
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James McInerney, News EditorTuesday, March 21 - 2006 at 16:34 UAE local time (GMT+4)
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