Catamaran plans to double India exposure, targets 16%-18% returns
In short
Catamaran Ventures, linked to Narayana Murthy, said it wants to double its exposure to India. President Deepak Padaki said it is aiming for annual returns of 16% to 18%.
This matters because a bigger India bet could mean more money flowing into local deals and assets. The report does not say which sectors or investments will get the extra capital.
What the reporting says
Catamaran Ventures, the family office linked to billionaire Narayana Murthy, said it plans to double exposure in India. Deepak Padaki, the firm's president, said on the sidelines of Bloomberg's New Economy Forum that it is targeting annual returns of 16% to 18%. The reporting does not specify the exact investments, timeline, or assets that would drive the larger India allocation.
Why it matters
Catamaran Ventures said it is targeting a larger India allocation and annual returns of 16% to 18%, according to president Deepak Padaki at Bloomberg's New Economy Forum. The move points to continued interest from a major family office in Indian opportunities. The reporting does not state the size of the current portfolio, the time frame for doubling exposure, or which companies or sectors may benefit.