Gayatrishakti Paper gets Rs. 25 cr VC funding.

Canbank Venture Capital Fund Limited (CVCFL) has invested Rs. 25 crore in Mumbai-based Gayatrishakti Paper & Boards Ltd.

CVCFL , a wholly owned subsidiary of Canara Bank, has made the investments through its Rs. 435 crore Emerging India Growth Fund, which is also its fifth fund under management.

S Thiruvadi, Managing Director, CVCFL said that the fund is assisting the needy, unlisted mid-stage /late stage companies which are in manufacturing / services sector with equity investment between Rs. 10-60 crore.

HBL