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Percept raises private equity worth Rs 62 crore through Indivision

09-May-2008
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Percept raises private equity worth Rs 62 crore through Indivision

Entertainment, media and communications company Percept Ltd has raised a private equity investment of Rs 62 crore from Indivision India Partners (Indivision), Mauritius. Percept had earlier received investments from Passport Capital and Edelweiss. With Indivision’s investment, the total strategic private equity investment in Percept till date is confirmed at Rs 150 crore.

This investment was facilitated by Future Capital, local advisors to Indivision, and is expected to further strengthen the long-standing relationship between the Future Group and Percept.

Ajay Upadhyay, President-Corporate Affairs, Percept Ltd, said, “We are happy to announce the strategic participation of Indivision India Partners in our expansion plans and we look forward to a mutually beneficial relationship going forward. We are confident that Percept Ltd will deliver long term value to all its stakeholders.”

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