Investment Mode
It has been a busy fortnight for Azim Premji and Nandan Nilekani. PremjiInvest, the family investment arm of Wipro Chairman Azim Premji, bought 2.2 per cent stake in Aditya Birla Capital for `703 crore. The deal values Aditya Birla Capital at `32,000 crore, the company informed in a BSE filing. Nilekani launched a $100-million start-up investment fund, called The Fundamentum Partnership, in association with venture capitalist Sanjeev Aggarwal. Nilekani said that the fund would invest in two or three start-ups in a year – barring fintech and edutech companies as that would conflict with his other activities. Nilekani also informed that they were open to increasing the funding to $200 million if more opportunities came up.