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UK-based private equity firm 3i is said to be in talks with Soma Enterprises, a Hyderabad-based infrastructure company, to pick up equity stakes in some of the latter’s build-operate-transfer (BOT) road projects. ources the deal is expected to close in the next few weeks. Soma is constructing eight road projects on a public private partnership basis under the BOT model. It is also operating the Nellore bypass road, commissioned in August 2004. […] Reliance Venture Asset Management, an Anil Dhirubhai Ambani Group (ADAG) enterprise, said it has successfully completed the first round of venture funding in Reverse Logistics, a technology enabled end-to-end reverse supply-chain solutions company. This is in line with Reliance Venture’s recent rebranding and widening focus on investing in disruptive and sustainable business models with a sector-agnostic philosophy, the company said in a press release issued here today. Kleiner Perkins Caufield & Byers and Sherpalo are co-investors in this round of funding in Reverse Logistics along with Reliance Venture Asset Management. […] |