Founded in 2008, ISFC lends to private schools, affordable schools, vocational institutes and coaching classes to help them build infrastructure. Mumbai: Private equity fund Kedaara Capital Investment Managers Ltd is in talks to acquire a majority stake in Indian School Finance Co. Pvt. Founded in 2008, ISFC lends to private schools, affordable schools, vocational institutes and coaching classes to help them build infrastructure. Last month, Spandana Sphoorty had raised another Rs 125 crore ($19.5 million) from Kedaara Capital and Canadian pension fund Ontario Teachers’ Pension Plan. Last year, Kedaara Capital raised $750 million for its second fund.

Source: Mint January 03, 2018 20:15 UTC