India Investment Soars 487%
High-profile deals are attracting investors to the subcontinent.October 7, 2005
Private equity investment in India jumped almost six-fold in the third quarter from last year’s level, propelled in part by several high-profile acquisitions and IPOs, according to a study released Friday.
Investment increased 487 percent to $528 million during the third quarter, up from $90 million during the same period last year, according to the report by Venture Intelligence India.
Venture capitalists and private equity investors invested in 28 companies between the beginning of July and the end of September, up from the eight companies that were funded during the third quarter of 2004.
The biggest private equity investments were Newbridge Capital’s $100-million investment in truck-financing company Shriram Holdings and ICICI Ventures’ $59.8-million buyout of Associated Cement Companies’ refractory business.
The biggest tech deals were 3i’s $45-million investment in Nimbus Communications and Dr. Reddy’s Labs spin-off of Perlecan Pharma (see Perlecan Pharma Raises $52.5M). Other tech firms that saw cash were Nevis Networks, July Systems, VisualSoft Technologies, and Four Soft.
More
Private equity investment in India jumped almost six-fold in the third quarter from last year’s level, propelled in part by several high-profile acquisitions and IPOs, according to a study released Friday.
Investment increased 487 percent to $528 million during the third quarter, up from $90 million during the same period last year, according to the report by Venture Intelligence India.
Venture capitalists and private equity investors invested in 28 companies between the beginning of July and the end of September, up from the eight companies that were funded during the third quarter of 2004.
The biggest private equity investments were Newbridge Capital’s $100-million investment in truck-financing company Shriram Holdings and ICICI Ventures’ $59.8-million buyout of Associated Cement Companies’ refractory business.
The biggest tech deals were 3i’s $45-million investment in Nimbus Communications and Dr. Reddy’s Labs spin-off of Perlecan Pharma (see Perlecan Pharma Raises $52.5M). Other tech firms that saw cash were Nevis Networks, July Systems, VisualSoft Technologies, and Four Soft.
More
posted by veerj at 7:22 AM
<< Home