India : Tata Capital Growth Fund II
An equity investment of up to $10 million in Tata Capital Growth Fund II ('TCGF II , or the 'Fund ), a targeted $350 million India-focused private equity fund managed by Tata Capital Limited that will invest for primarily minority stakes in lower mid-market companies operating in the financial services, health care/pharmaceutical, manufacturing, and information
technology sectors.
Project Details
-
Project Officer
Mahmud, Farshed
Private Sector Operations Department
Request for information -
Country/Economy
India -
Sector
- Finance
- Project Name
- Tata Capital Growth Fund II
- Project Number
- 53187-001
- Borrower / Company
- Tata Capital Growth Fund II
- Country / Economy
- India
- Location
- Nation-wide
- Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status 7617 Equity Ordinary capital resources USD 10.00 million Committed - Operational Priorities
- OP2: Accelerating progress in gender equality
- Sector / Subsector
Finance / Infrastructure finance and investment funds
- Gender
- Some gender elements
- Project Sponsor(s)
- Tata Capital Limited
- Description
An equity investment of up to $10 million in Tata Capital Growth Fund II ('TCGF II , or the 'Fund ), a targeted $350 million India-focused private equity fund managed by Tata Capital Limited that will invest for primarily minority stakes in lower mid-market companies operating in the financial services, health care/pharmaceutical, manufacturing, and information
technology sectors.
- Objectives and Scope
- Linkage to Country/Regional Strategy
Safeguard Categories
- Environment
- FI
- Involuntary Resettlement
- FI
- Indigenous Peoples
- FI
Summary of Environmental and Social Aspects
- Environmental Aspects
- Involuntary Resettlement
- Indigenous Peoples
- Stakeholder Communication, Participation, and Consultation
Contact
- Responsible ADB Officer
- Mahmud, Farshed
- Responsible ADB Division
- Private Sector Investment Funds and Special Initiatives Division
- Responsible ADB Department
- Private Sector Operations Department
Timetable for assistance design, processing, and implementation
- Concept Clearance
- 20 May 2019
- Credit Committee Meeting
- 22 Nov 2019
- Approval
- 10 Dec 2019
- Last PDS Update
- 16 Dec 2019
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Tata Capital Growth Fund II: FAST Report | Reports and Recommendations of the President | Dec 2019 |
| Tata Capital Growth Fund II: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Aug 2019 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB, Tata Capital Sign Deal to Support Small and Medium-Sized Businesses in India
The Asian Development Bank (ADB) has made a $10 million equity investment in Tata Capital Growth Fund II LP (TCGF II). TCGF II is a private equity fund targeting growth capital investments in middle-market companies, including SMEs.