JM Financial closes second India fund with commitments from Sidbi, Quilvest

JM Financial closes second India fund with commitments from Sidbi, Quilvest

Photo: Bloomberg

JM Financial Private Equity has closed its second India-focused fund with commitments of more than ₹600 crore from Quilvest Group and Small Industries Development Bank of India (Sidbi) among others, two people aware of the matter said.