Private Equity Players gung-ho about India
si Team
Wednesday, June 1, 2005
With the economy growing at a scorching pace, foreign private equity players are smitten with India. There is a surge in growth capital coming into the country.

The most recent notable inflow is from CVC International, Citigroup’s venture capital arm, which has raised $1.7 billion globally. From that $500 million is purported to come India’s way.

Another player is the top U.S. based private equity firm Blackstone Group, which plans to invest $1 billion in India. Akhil Gupta, former Chief Corporate Executive, Reliance Infocomm has been named Chairman of Blackstone India. Blackstone manages private equity investment of over $14 billion worldwide.
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