PE investment slows down to $1.84 billion

PE investment slows down to $1.84 billion

Private equity activity in India continued to slow down as PE investment slumped by around 34 per cent to US$1.84 billion (over Rs 10,000 crore) in the April-June quarter.

This was the fourth consecutive quarter of deceleration in PE investments. The first quarter this year had seen 103 transactions worth US$2.05 billion.

According to Venture Intelligence, “Private equity firms invested about US$1.84 billion during the quarter ended June 2012. The investment amount was 34 per cent less than US$2.79 billion invested in the same period last year.”

Besides, the number of deals also fell to 102 in the quarter under review from 126 in the year-ago period. There has been a dearth of mega deals during the quarter, which was the main reason behind the decline in the overall PE deal activity.

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