February 20, 2017 10:04 PM ET

Capital Markets

Company Overview of New Silk Route

Company Overview

New Silk Route is a private equity and venture capital firm specializing in growth capital, middle market, late stage, and buyout investments. It prefers to invest in the consumer services and fast moving consumer goods, specialty retail, education, infrastructure, ports, logistics, telecommunication, media, manufacturing, IT, e-commerce, engineering, medical devices, restaurant chains, food and beverages, value-added manufacturing and engineering, renewable energy including wind and solar energy, and financial services sectors. The firm prefers to invest in Asia with focus on India, Pakistan, Bangladesh, Sri Lanka, South Asia, East Asia, Middle East, and other emerging Asian economies. In i...

New York, NY 

United States

Founded in 2006

Key Executives for New Silk Route

Founding General Partner and Chief Executive Officer
Age: 60
Operating Partner
General Partner
Age: 61
Compensation as of Fiscal Year 2016.

New Silk Route Key Developments

Amplus Energy Reportedly Interested in Acquiring Kiran Energy

Amplus Energy Solutions Private Limited is reportedly interested in acquiring Kiran Energy Solar Power Pvt. Ltd., three people aware of the development said. Amplus is interested in the acquisition given the high electricity tariffs awarded in some of the power purchase agreements signed by Kiran Energy. "I Squared Capital through Amplus is interested in acquiring Kiran Energy," a person aware of the development said, requesting anonymity. Mint couldn't ascertain the value of the potential deal. "Kiran Energy has built a portfolio of around 83 megawatt (MW). The asset is up for sale with a premium expected by the sellers primarily on account of the high tariff for some of the PPAs signed by Kiran Energy," said a second person, who also didn't wish to be identified. A third person aware of the development, who also requested anonymity, said discussions on the deal were still in early stages. Argonaut Ventures LLC, New Silk Route (NSR) and Bessemer Venture Partners (BVP) own nearly 80% of. Ardeshir Contractor and Alan Rosling own the rest. Sanjeev Aggarwal, managing director and Chief Executive Officer of Amplus Energy, declined to comment. Contractor, Managing Director and Chief Executive Officer of Kiran Energy, speaking over the phone, denied "any talks with Amplus Energy regarding acquisition. Gautam Bhandari and an external spokesperson for NSR declined comment. Queries emailed to BVP India remained unanswered. Argonaut Ventures and Rosling couldn't be reached immediately.

Pradeep Guha And Rajat Sharma Denies 9X Media Sale Reports

Pradeep Guha and Rajat Sharma rubbish reports of Rajat Sharma reportedly considering acquiring stake in New Silk Route backed 9X MEDIA PVT. LTD. The entities that were said to be involved in acquisition talks have no clue about the development. It seems to be pure speculation. 9X Media’s Chief Executive Officer Pradeep Guha rubbished the news. He told Indiantelevision.com, “All the reports are absolutely rubbish. We are not selling 9X Media.” When Rajat Sharma was contacted, he retorted, "I have no idea where these reports are coming from. I am out of the country. All these reports are absolutely false."

Rajat Sharma Reportedly In Talks To Buy 9X Media

Rajat Sharma reportedly considering acquiring stake in 9X MEDIA PVT. LTD. Rajat Sharma is in talks to acquire a controlling stake in New Silk Route backed 9X Media in a deal that could value the company at upwards of INR 2 billion, persons directly aware of the matter told Economic Times. Rajat Sharma and his wife Ritu Dhawan are the largest shareholders of Independent News Services Pvt. Ltd. (INS), which owns the popular Hindi news channel India TV. A team from Independent News Services is working closely with private equity fund NSR Partners to arrive at a mutually acceptable shareholders agreement, according to the people referred to earlier. Rajat Sharma may seek to partially finance the proposed transaction by raising additional funds from existing investors in Independent News Services such as Keyur Patel, who owns stakes in INS through CV Global Holdings. Rajat Sharma did not respond to emailed queries and text messages from Economic Times. A spokesperson for NSR declined comment when contacted. Pradeep Guha, Chief Executive Officer of 9X Media, did not respond to a detailed questionnaire until press time.

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