PE players invest $1.5 Billion in first 3 months of 2011

Monday, 18 April 2011, 16:37 IST
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New Delhi:India saw private equity investments worth $1.5 billion (over Rs 6,630 crore) in the first three months of 2011, with majority of deals happening in the infrastructure space, says Ernst & Young. However, the deal value in the 2011 first quarter is much less than $2.2 billion during the same period last year. "During the quarter-ended March 2011, the investment activity witnessed 96 deals totalling to $1.5 billion," global consultancy E&Y said. The higher deal value in the 2010 first quarter was mainly on account of a "few large sized deals" during that period. "Although compared to the corresponding quarter in 2010, the aggregate deal value was lower in Q1, 2011, the number of deals were 50 percent higher indicating continued deal momentum that built up in 2010," it said.
Source: IANS
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