Regions

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

Close
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.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics