New Delhi: Private equity (PE) and venture capital (VC) investments in India in January 2017 dropped 6.3% to $1.2 billion (about Rs8,037 crore) from a year ago, according to data compiled by accounting firm EY. The $1.6 billion buyout of Reliance Infratel by Brookfield had pushed up the overall numbers in December 2016. In volume terms, there were 43 transactions in January, down 6.5% from a year ago, mainly due to a drop in the number of growth/expansion funding deals. A single large deal—CPPIB’s acquisition of 48% equity stake in Global Logic for $720 million from Apax—accounted for 60% of the deal value. In volume terms, however, there was a 24% decline, compared with both January 2016 and December 2016.

Source: Mint February 21, 2017 19:20 UTC