PRESS RELEASE - ArthVeda Fund Management Pvt. Ltd. has signed a Memorandum of Understanding (MOU) with CARE Ratings

Greetings,

Kindly find enclosed and attached the press release of Arthveda Fund Management Pvt. Ltd. The company has signed a Memorandum of Understanding (MOU) with CARE Ratings to rate some of the projects that the ArthVeda Fund Management invests in the Tier II/III cities across India.

 

Please let us know if you would like to interact with Mr. Bikram Sen, CEO, ArthVeda Fund Management to understand other proactive initiatives that the company has undertaken to safeguard the interest of investors.

 

 

Press Release

Credit Analysis & Research Limited (CARE Ratings) will Rate Projects That Arthveda Fund Management Pvt. Ltd Invests In

 

 

Mumbai, 24^th February 2012: Arthveda Fund Management Pvt. Ltd. (ArthVeda) has signed a Memorandum of Understanding (MOU) with CARE Ratings to rate some of the projects that the ArthVeda Fund Management invests in the Tier II/III cities across India.

 

“ArthVeda decided to go in for this rating exercise as it is confident about the investments of its fund. We want to tell our investors that their investments are in safe hands and to reinforce this fact we decided to rope in a neutral agency to rate some of our investee projects. This Rating is not meant as pre-transaction advice to the AMC. It would provide additional transparency to the Fund. We believe that this credible, objective, and independent rating will increase investor confidence in funds that we plan to launch,” said Mr. Bikram Sen, CEO of ArthVeda also stating that “ArthVeda is extremely pleased with this outcome and looking forward to a meaningful association with CARE.”

 

Further, elaborating on the reasons of this partnership, Mr. Sen said that, “this will also be beneficial for our development partners as they will be able to streamline their projects more competently and consequently eliminate maximum possible risks. On the other hand our fund managers will also be able to monitor our investments efficiently thereby increasing profits for our investors.

 

CARE Ratings is absolutely delighted to partner with ArthVeda.. “We are happy to see this kind of drive on part of ArthVeda to bring in transparency in fund investment and management process. We will work closely with ArthVeda fund managers in this exercise,’’ says Mr. Rajesh Mokashi DMD of CARE Ratings.

 

As part of the MOU, CARE would also provide research reports on some of the cities that its fund would invest in. The reports will analyze the fundamentals underlining the economies of these cities and help ArthVeda fund managers to take informed decisions.

 

About CARE Ratings

CARE Ratings incorporated in April 1993 and over nearly two decades; it has established itself as the second-largest credit rating agency in India in terms of rating income for the year ended March 31, 2011. Since incorporation CARE has rated Rs. 31,190 billion of debt as on March 31, 2011. CARE Ratings is proud of its place in the Indian capital market CARE’s research team provides customized research solutions in the areas of market sizing, demand estimation, demand-supply gap analysis, cost-benefit analysis, cost indexation, product segmentation and business analysis.

About ArthVeda Fund Management

ArthVeda was established in 2005 and was earlier known as DHFL Venture Capital India Pvt. Ltd. (DHFLVC). ArthVeda is a subsidiary of Dewan Housing Finance Co. Ltd. (DHFL)--the third largest home mortgage finance company in India. DHFL is listed on BSE & NSE and has been rated CARE AA+, BWR FAAA & CRISIL P1 indicating high standards of business management. The objective of ArthVeda is to float funds that offer ample opportunities for extracting alpha, i.e. high risk-adjusted returns. ArthVeda’s first fund, “DREAM FUND I”, focused on commercial and residential real estate and has so far made 6 exits out of 13 investments with IRR ranging between 20% and 45%. Arthveda’s second real estate fund, ArthVeda STAR Fund is an INR 200 Crore fund with a greenshoe option of INR 100 Crore, which invests in greenfield residential projects. The investment will spread across 30-35 projects in Tier II/III cities across India with a ticket size between INR 5 Crore and INR 20 Crore.

 

Credit Analysis and Research Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (the “SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the Book Running Lead Managers at www.investmentbank.kotak.com, www.dspml.com, www.edelcap.com, www.icicisecurities.com, www.idbicapital.com, and www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the DRHP.” “This press release is not for publication or distribution to persons in the United States, and is not an offer for sale within the United States of any equity shares or any other security of Credit Analysis and Research Limited. Securities of Credit Analysis and Research Limited, including its equity shares, may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws.”

 

For further information, please contact:

Faizan Aboli                                                                                    Reena Kamble

Prana Public Relations                                                                      Prana Public Relations

+91 9819110224                                                                          +91 9167079528

 

Regards

Reena Kamble

Prana Public Relations Pvt. Ltd.

2, Nagin Mahal, 1st Floor, 82,

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Mumbai- 400 020.

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