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India25 June 2026 at 07:48 am
Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Quick Take
Ace investor Madhusudan Kela's funds, along with Niveshaay Sambhav Fund, have injected Rs 49. 99 crore into Steamhouse India via a pre-IPO placement
Why It Matters
As the world's fastest-growing major economy, India's policy moves set the tone for emerging market capital flows and domestic consumption trends.