India PE, QIP deals soar to $1.8 billion

According to Grant Thornton’s Dealtracker, in January 2010, there were 29 private equity (PE) including qualified institutional placement (QIP) deals amounting to US$1.24 billion.
There were as many as 20 such deals (PE and QIP) totalling to around US$583 million in February this year.

The PE and QIP deal volume in the first two months of 2010 aggregated to over US$1.8 billion, representing a significant improvement over the corresponding period last year, when it stood at a modest US$649 million during January-February 2009.

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