$500-m high-risk fund to tap mineral wealth

K.A.Badarinath, New Delhi, Hindustan Times, 14 Nov 2006 :

HIGH NET-WORTH Individuals (HNIs) and corporates in India may join hands with top Canadian investors and risk capital firms to float a high risk fund worth $ 500 million to promote prospecting of mineral and metal wealth in a big way.

The Finance Ministry and the Securities Exchange board of India (SEBl) have given an “in-principle” approval to float such a fund dedicated to supporting mining across 1.82 million square kilometres in the country.

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