City
Epaper

Private equity investments continue upward trend in India: Report

By IANS | Updated: March 12, 2024 15:50 IST

New Delhi, March 12 Continuing an upward trend in private equity (PE) investments, India Inc saw 154 deals ...

Open in App

New Delhi, March 12 Continuing an upward trend in private equity (PE) investments, India Inc saw 154 deals at $2.5 billion in the month of February despite lower values, a new report showed on Tuesday.

The top deal of the month, Mizuho Bank's investment in Kisetsu Saison India, instilled confidence in the domestic market, contributing to nearly 21 per cent of the mergers and acquisitions (M&A) deal activity, according to Grant Thornton Bharat's report.

"India's deal market in February reflected stability amid turbulent global conditions. While M&A activity saw a significant decrease in value, PE investments continued an upward trend, albeit with lower values," said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.

Looking ahead, despite short-term volatility, strong fundamentals and economic recovery are poised to revive investor confidence in India, Vijetha added.

The Indian M&A space recorded 38 deals at $670 milion in February, reflecting a 7 per cent decrease in volumes. The PE space witnessed 106 deals at $0.8 billion.

While PE activity recorded the third-highest monthly deals in the past year, it marked the lowest monthly values since August 2020.

The biggest deal was Consortium of Investor's investment of $95 million in Capillary Technologies in the IT and ITeS sector.

Start-ups commanded a significant portion, representing 37 per cent of total deal volumes and 19 per cent of values in February, said the report.

Consumer retail and enterprise application segments within the start-up sector contributed substantially, constituting 40 per cent of sector's deal volumes.

In the automotive sector, deal volumes reached their second-highest point since July 2023, fuelled by investments in electric vehicles, totalling $69 million out of the total automotive industry deal value of $102 million, the report mentioned.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket"One of our most valuable players...": Skipper Gill hails Jadeja following 22-run loss at Lord's

EntertainmentActress Eva Longoria to direct film adaptation of novel 'Anita de Monte Laughs Last'

Other SportsBashir suffers fracture, out of remainder of Anderson-Tendulkar Trophy series: Report

NationalMaharashtra: Nearly 70,000 houses built in Sangli under PM Awas Yojana

NationalCentre clears appointments of five new HC Chief Justices

Business Realted Stories

BusinessTrump threatens 100 pc secondary tariffs on countries buying Russian energy

BusinessGCCs critical enabler of India's $1 trillion services export vision, says senior Deloitte official Romal Shetty

BusinessCorporate Bond issuances hit 4-year high in Q1, surpass Rs 3 lakh crore mark

BusinessCentre to issue new guidelines to promote first-time exporters: Piyush Goyal

BusinessOver 32 pc of global GCC talent is currently in India: FM Sitharaman