Former Mahindra PE unit head Parag Shah sets up own fund Amara Partners
Former Mahindra & Mahindra PE unit head Parag Shah has set up his own fund called Amara Partners. Mahindra Group Chairman Anand Mahindra has agreed to serve as an anchor investor in the new venture.The firm’s first fund will aim to make its first close at INR 400 crore and it will focus on investments in privately held mid-sized companies. The fund is registered as a Category II alternative investment fund.
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