The Writing Room

We aim to keep our investors up to date with regular written pieces that discuss our portfolios and our views on the opportunity-set whilst using the exercise to clarify our thoughts.

Writing Room

India’s Energy Transition: Capitalising on the Solar Revolution

Jainam Vora

India stands at the cusp of an energy transformation. Once plagued by power shortages, the country now aims to become a global leader in renewable energy, targeting a massive 500 GW of renewable capacity by 2030, with solar energy contributing 280 GW to this ambitious goal.

April 2025

The Integration of Ocean Dial Asset Management and River Global

India Capital Growth Fund

River Global is pleased to announce the successful integration of Ocean Dial Asset Management into its active equity asset management business, following the acquisition by River Global plc (formerly AssetCo plc) on 2 October 2023.

April 2025

Market Capital Reclassifications

Lucy Draper

Market Capital Reclassifications

As investment managers, we must remain as dynamic as the markets in which we invest. With the growth of the Indian economy, the domestic equity markets have also evolved, with businesses scaling up and new listings emerging. Over the past decade, the BSE Midcap Index has grown fourfold, and the Indian equity market has crossed USD 5 trillion* in market capitalization. The investment team periodically reviews the portfolio and market capitalization to best reflect its positioning in the mid and small-cap segments of the market. In its review exercise carried out in January 2025, the market capitalization definitions of large, mid, and small-cap companies have been reclassified.

February 2025