Private equity investments in the country zoomed to USD 630 million in May, nearly three times compared to the year-ago period, as investors preferred financial services and healthcare companies.
“Private equity investments in India in May 2010 grew by nearly 200 per cent as compared to the same period last year.
Deal value was USD 630 million in May this year against USD 211 million in May last year,” deal tracking research firm VCCEdge said in its report.
The total deal count also increased by 42 per cent to 28 deals from 19 recorded in May last year.
However, on a month-on-month basis, PE deal valuation declined by 25 per cent from USD 840 million in April.
The month of March has been the best in terms of PE investments so far in 2010, with the deal value at its highest at USD 973 million.
Source: PTI News