WHAT’S UP

Tatas invest in Swiss solar tech developer Flisom The Tata Group has been increasing its investment in  the solar power business. The tea-to-telecom conglomerate recently invested in Zurich-based solar technology developer Flisom, which raised capital for the third time. The group, through Tata Industries, is already a strategic investor in eight-yearold Flisom, which was spun off from the Swiss Federal Institute of Technology. Flisom, which also has other investors, will use the proceeds to set up a 15 MW solar module plant in Switzerland. The Tata Group supports Flisom as it believes that the Swiss company's technology has the potential to make solar electricity affordable. In 2011, the group bought out British oil major BP's 51% stake in Tata BP Solar, a manufacturer of solar modules and its access to the BP's solar technology expires this year.      ( C o n t r i b u t e d b y R e e b a Z a c h a r i a h ) Shetty looks to raise funds from PEs for theme park Media and entertainment industry veteran Manmohan Shetty has held  talks with several private equity firms to raise funds for his Rs 1,600-crore theme park project set to come up along the Mumbai-Pune expressway. Shetty is looking at bringing in investors to expand into water parks and build an adjoining hotel at the property. A serial entrepreneur, Shetty, who sold his Adlabs Films to the Reliance ADA Group, is planning to dilute around 25-20% equity stake in the project and expects to raise around Rs 250 crore. The theme park is looking to tap into the growing spends on outdoor entertainment among urban Indians.      ( C o n t r i b u t e d b y      S a m i d h a S h a r m a )