Financial Express 16 August 2012
Mumbai: The gloom on the economic front both domestically and abroad has resulted in private equity investments in the country falling 35 per cent during the April-June quarter, a report has said.
Private equity funds invested USD 1,616 million in 97 deals during the quarter, which is 35 per cent lower in value terms and 23 per cent down when compared with number of deals, the report by consulting major PwC has found.
“As the global economic environment continued to remain unstable, the sentiment in the Indian market was also glum. Most investors spent considerable time fretting over the tax changes proposed in the budget as well as the falling Indian rupee,” its leader for PE, Sanjeev Krishnan, said.