Canbank Venture Capital Fund news and archive

Ashapura gets investments from Canbank Capital Fund

Canbank Venture Capital Fund, a wholly owned subsidiary of Canara Bank, has invested Rs 25 crores (4.56 million dollars) in Gujarat-based Ashapura Garments for an undisclosed stake. CVCFL made the investment from its Rs 500 crores Emerging India Growth Fund, managed by Canbank. The funds would be utilised by the company, a manufacturer of jeans...

Apparel

Canbank VC Fund picks up 6.11% stake in Scotts Garments

Canbank Venture Capital Fund (CVCFL), a subsidiary of Canara Bank, has picked up 6.11 percent stake in Bangalore-based Scotts Garments for Rs 20 crores. The CVCFL has made the investment through its Emerging India Growth Fund, a Rs 500 crores fund. Scotts Garments, promoted by Naseer Ahmed in 2002, is a 100 percent export-oriented unit with...