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PRINT THIS PAGE Private equity firms invest $2.8bn in India in Q210/07/2008. Source: AltAssets. 
Private equity firms invested about $2.8bn in 77 Indian companies during the quarter ending June 2008, up from the $1.9bn invested across 74 deals during the same period last year, but down significantly from the $3.6bn and 115 deals in the first quarter of this year, according to Venture Intelligence. For the first six months of 2008 the number now stands at $6.3bn, compared to the $5.4bn invested by private equity firms in H1 2007.
The largest investment reported during Q2 2008 was the $640m raised by Aditya Birla Telecom (ABTL), a subsidiary of listed mobile telephone services provider Idea Cellular, from Providence Equity Partners.
'The steep fall in the public markets has resulted in a marked decline in the number of PIPE, pre-IPO and late stage investments during the latest quarter,' said Arun Natarajan, founder and CEO of Venture Intelligence. 'While power and telecom companies continue to attract large ticket investments, the positive surprise this year has been the re-emergence of healthcare and life sciences on the radar screens of private equity investors.'
Venture Intelligence is a division of Chennai, India-based TSJ Media Pvt.
Copyright © 2008 AltAssets
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