Private-equity investments in India fell sharply to $ 888 million in the April-June quarter from $2.6 billion a year earlier, an organization tracking such investments said Tuesday.
The number of deals during the quarter fell to 44 from 92 a year earlier, Venture Intelligence said in a statement.
The reported INR6 billion ($124 million) additional capital raised by Quippo Telecom Infrastructure Ltd. from its existing investors – IDFC PE and Oman Investment Fund – was among the largest deals during the period, Venture Intelligence Chief Executive Arun Natarajan said. (Nasdaq)