Samana currently has around Rs 900 crore worth of investments, primarily in Kerala, including Samana Retail, Apollo Dimura Hospital and Cafe Dive. The company is raising its first fund, Samana Global Fund, of Rs 4,000 crore, which will be invested across various sectors, according to a senior executive of the group. The fund recently received approval from the Securities and Exchange Board of India (Sebi) to be set up as a category 2 Alternative Investment Fund. There is freedom to invest in listed equities as well as high-growth startups,” according to OMA Rasheed, chairman and managing director, Samana Global Business Group. Samana currently has around Rs 900 crore worth of investments, primarily in Kerala, including Samana Retail, Apollo Dimura Hospital and Cafe Dive.

Source: Mint December 18, 2018 10:41 UTC