PE investor India Value raising $700 mln fund

IVFA, in a statement late on Wednesday, said it had already raised $500 million, but expected to close the fund after raising $200 million more from over 25 global investors, including sovereign and pension funds.

The fundraising comes even as a number of other private equity investors are giving India a wide berth, put off by soaring valuations.

(Reporting by Indulal PM; Editing by Biju Dwarakanath)