PE firm aims to tap Modi factor with India JV

Singapore listed private equity firm TIH has moved to establish an India-focused joint venture to capitalise on opportunities it is anticipating following the May election success of Narendra Modi’s Bharatiya Janata Party. The firm, a closed-end fund initially launched in 1994, has signed a memorandum of understanding (MoU) with the Asian arm of multi-billion-dollar conglomerate Comcraft Group to make equity and debt-related finance investments in the country. Comcraft has been …