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IDFC Private Equity gets behind India’s GMR Energy - 07-Jul-2010
India’s IDFC Private Equity has steered an investor group including Argonaut Ventures and Ascent Capital to invest INR4.65bn ($98.6m) in GMR Energy, a Bangalore-headquartered power generation corporation. The funds from the IDFC-led group will support the company in expanding its power generation capacity from 808MW to more than 6,500MW over the next few years, the company said.