India's Tata Group plans mega $1b fund by merging 5 existing PE funds: Report

India's Tata Group plans mega $1b fund by merging 5 existing PE funds: Report

Tata logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/Files

One of the country’s oldest and largest conglomerates, Tata Group, is considering a merger of five of its private equity funds to create a single mega fund of a combined $1 billion, according to a Times of India report quoting sources.

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