L Capital to put in more funds in Asia

L Capital Asia, the private equity (PE) fund sponsored by the LVMH Group and Groupe Arnault are contemplating

investing around 250 million dollars (over Rs 1,500 crores) from its recently-raised 1-billion dollars (over 6,000 crores) funding, in India. Sources claim that the fund mostly interested in investing in emerging Asian market, may announce four significant developments in the near future.

LVMH possesses a portfolio of 60 globally-renowned prestigious brands, including Moët Hennessy and Louis Vuitton, and is active in five sectors -- wines & spirits, fashion & leather goods, perfumes & cosmetics, watches & jewellery, and selective retailing.

This latest news comes at a time after L Capital Asia roped in retail industry veteran Bijou Kurien on its advisory board. L Capital has so far invested 113 million dollars (over 680 crores) in India across Fabindia, PVR Cinemas and Genesis Fashions from its first fund. While the company considers India to be less developing compared to China, it would be eyeing key investment opportunities in the country.