Percept raises Rs 620 million private equity via Indivision

    Mumbai: Percept has raised a private equity investment of Rs 620 million (Rs 62 crores) from Indivision India Partners (Indivision), Mauritius.

    Percept had earlier received investments from Passport Capital and Edelweiss. With Indivision’s investment, the total strategic private equity investment in Percept till date is confirmed at Rs 1.50 billion (Rs 150 crores).

    This investment was facilitated by Future Capital, local advisors to Indivision. This investment is expected to further strengthen the long-standing relationship between the Future Group and Percept.

    Percept president corporate affairs Ajay Upadhyay said, "We are happy to announce the strategic participation of Indivision, India Partners in our expansion plans and we look forward to a mutually beneficial relationship going forward. We are confident that Percept Limited will deliver long term value to all its stakeholders."