P&E Investments Reach $3.1bn in Sep' Quarter

Subscribe to GoodReturns

According to assurance, tax and advisory firm Grant Thornton, private equity investment in India rose by a whopping 47 per cent to USD 3.1 billion in the July-September 2014 period from the same period a year ago attributed mainly to the Flipkart deal.

In volume terms, private equity investments registered a growth of 37 per cent from the year ago period in the July-September 2014 quarter. In the quarter ended September 30, 2014, the number of private equity deals stood at 157, Grant Thornton said.

In July-September 2013, private equity investments stood at 115, valued at a total USD 2.12 billion.

"Private equity witnessed a 47 per cent increase in values led by the billion dollar investment in Flipkart and 37 per cent increase in volumes driven by the IT&ITeS sector with over 40 per cent share in total deal volume," the report said.

In the July-September 2014 quarter, there were 15 deals, each worth over USD 50 million, while two transactions were over USD 100 million and there was one USD 1 billion investment. In comparison, there was only 9 deals worth over USD 50 million each in the July-September 2013 period.

"We believe that this momentum of deal activity will continue to increase and we look forward to closing the year on a high note", Grant Thornton said.

Read more about: private equity
Story first published: Wednesday, October 29, 2014, 9:20 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?