CNC India Fund is a 7-year, self-liquidating, close-end, $1 billion fund. CNC India Investments I, II, and III will contribute $100 million and major financial institutions will contribute up to $900 million. Please refer to chart below for details.
Year
Fund
CNC Equity
Maximum Bank Equity
Total Equity
2007 - 2Q
Fund I*
$24MM
$216MM
$240MM
2008 - 1Q
Fund II
Postponed
2008 - 3Q
Fund III
Postponed
*Fund I is closed.
There are 2 types of distributions:
Dividends will be distributed as per the FDI laws of Indian Government.
Capital Gains will be distributed at the end of the seventh year.
The minimum investment is $150,000 per entity or individual.
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