Mumbai: Impact investor Lok Capital has returned the principal amount of $65 million that it raised from investors for its second fund, Lok Capital II, a senior executive of the firm said. “Our second fund has already returned the principal capital raised from investors, which is around $65 million. Lok Capital’s first impact fund had raised $22 million from investors in 2006, while the second fund was raised in 2012. According to the draft red herring prospectus filed by MAS Financial, Lok Capital is seeking to sell shares worth around Rs38 crore in the IPO. Lok Capital is also busy on the fundraising side, where it is seeking capital for its third and largest fund to date.

Source: Mint June 29, 2017 19:07 UTC