PE / VC investments up 163% in October
Mumbai, Ta. 13 November 2020, Friday
In October this year, private equity / venture capital (PE / VC) investments in the country grew by 12 per cent year-on-year. The country has seen PE / VC investment of ૪ 2.50 billion in October this year as compared to 2.50 billion in October last year. The highest investment is seen in the real estate sector.
The month of October is getting better in terms of value. The growth is due to huge investments in Reliance Retail Ventures and some real estate projects.
Reliance Retail had a PE / VC investment of ૩ 2.50 billion, while some commercial real estate projects saw an investment of 2.50 billion.
New contracts worth more than ૧૦ 100 million were signed in October, up from five in October last year. The total value of the ten deals was ૬ 2.50 billion, while the value of the five deals in October 2016 was 4.50 billion, according to a research firm.
However, compared to October last year, the total PE / VC investment in the country was five per cent lower at 2.50 billion. About 70 per cent of this investment is in Reliance Group companies.
Excluding this investment, the PE / VC investment so far this year could be as low as 5 per cent. By sector, the highest investment is in the real estate sector. Real estate has seen an investment of ૩ 2.50 billion in six deals.
Comments
Post a Comment