February 2010
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VC/PE funds to take up to 2-years to regain 2005-07 vigour

Venture capital and equity (VC/PE) funds are likely to take up to two-years to regain their 2005-07 level, when fund-flow was at an all-time high, an industry official said. “The 2005-07 period was a great one as companies received maximum inflows through VC/PE funding. I think we will take another two-years to reach that level,” Indian Venture Capital and Private Equity Association President, Mahendra Swaroop, told. With India's economy bouncing back and the country on track to achieve an eight per cent GDP growth, interest in the Indian market is re-emerging, Swaroop said. […]

Zain Accepts Bharti's $10.7 Billion Bid

The board of Kuwait's Mobile Telecommunications Co. approved the sale of most of the company's African assets to India's Bharti Airtel Ltd., India's largest mobile phone company by subscribers, for $10.7 billion, according to two people familiar with the deal. Bharti declined to comment Sunday. The Indian company is increasingly pursuing growth overseas in the face of price wars and regulatory challenges in the Indian cellular market. Bharti's bid for most of the Africa assets of the Kuwait company, known as Zain, which has over 70 million customers spread across Africa and the Middle East, comes after its talks with South Africa's MTN Group Ltd. for a deal valued at $24 billion fell through last year. […]