(1888PressRelease)
September 03, 2007 - The global credit market squeeze is not affecting private equity investment in India, it has been revealed.
According to a report by research firm Venture Intelligence, Indian private equity investment is set to increase to $10 billion (£4.95 billion) in 2007 - up by a third on last year's levels.
However, the company projected that 47 private equity deals had taken place in July and August compared with 60 in the equivalent year ago period - although the value of the deals has more than doubled to $2.36 billion (£1.17 billion) from $1.08 billion (£535 million), suggesting that while fewer deals are taking place they are on a much larger scale.
"We're seeing a wait-and-watch stance from private equity rather than a complete halt," Arun Natarajan, chief executive of Venture Intelligence, told Reuters.
Recent activity in the sector includes two Blackstone Group deals worth $315 million (£156 million), the setting up of a $1 billion (£495 million) India infrastructure fund by 3i Group and a new $1.25 billion (£620 million) cross-sector India fund from ChrysCapital.
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
You are permitted to print or download extracts from these pages for your personal non-commercial use only. You may not (whether directly or through the use of any software program) create a database in electronic or structured manual form by regularly or systematically downloading and storing all or any part of the pages from these pages and/or Aranca's site. No part of these articles and features listed herein, may be reproduced or transmitted to or stored in any other web site, nor may any of its pages or part thereof be disseminated in any electronic or non-electronic form, nor included in any public or private electronic retrieval system or service without prior written permission.
All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate ( @ ) aranca dot com dot
Tel: +91.22.4005 2219 / +91.22.6725 8115
###
