Indian companies strike 393 private equity deals totaling $9.67B in January to November

December 15
10:03 PM 2013

Indian companies signed as many as 393 private equity deals totaling $9.67 billion in the January-November period of this year. This is an increase of 36.38% over the corresponding period a year ago.

India Times, citing a report by Grant Thornton, said that Indian corporations had signed 380 private equity deals amounting to $7.09 billion in the January-November period of last year. Grant Thornton is an accounting and advisory firm based in Chicago, USA.

Meanwhile, Indian companies signed 32 deals amounting to $708 million in the month of November. This was almost double in value terms over last year when there were 35 transactions worth $388 million, the report said. 

Grant Thornton said that private equity activity in November 2013 was largely driven by the pharmaceutical sector. American private equity firm KKR & Co.'s investment of $200 million in Gland Pharma Ltd. was termed as the deal of the month, India Times said. 

Other major private equity deals of November include Baring Private Equity's $131.61 million investment in Hexaware Technologies. Sequoia Capital and Info Edge also invested $37 million in Zomato Media. World Bank's International Finance Corporation invested $125 million in Yes Bank, the report said.

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