|
|
Article: Private Equity GetsHeated In India: India's homegrown funds tackle their country's PE market with a vengeance.(private equity)
- Article from:
- Investment Dealers' Digest
- Article date:
- August 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
When news surfaced this past week that Indian business mogul Anil Ambani's Reliance Capital was planning to raise $1 billion for a new India-focused private equity fund and Tata Capital had appointed banking veteran Shailendra Bhandari to run its private equity operations, the developments reinforced how much interest India's corporations have in investment prospects in their own backyard.
It also illustrates that the Republic of India's homegrown private equity business is flourishing, pitting a number of India-based private equity investment funds-some backed by deep-pocketed business executives like Wipro Ltd. chairman Azim Premji's $1 billion PremjiInvest ...