BTS has picked up a 17-20 pct stake in Indian auto component manufacturer Reliable Autotech Private Ltd for 200 mln rupees, marking its first investment in India, reported the Economic Times.
The report cited BTS Investment Advisors partner K Srinivas as saying: 'We enter the company in its growth phase as the first investment and stay invested for 3-5 years till the company is ready to go public.'
According to the paper, BTS is currently on the lookout for small to mid-sized companies in the pharma and life sciences, auto ancillary, information technology enabled services, telecom services and entertainment sectors.
Source : ABC Money