Live
- ‘90’s’ director Aditya Haasan’s next gets an interesting title
- BS Maqbool lauds YS Jagan's Efforts to Empower Tribals
- Firm launches micro language model for climate-smart farming
- Lakshmana Teertha river dries up due to shortage of rainfall
- Mystery surrounds death of mother and daughter in Chitradurga Ashram
- Vijayawada: Cultural fair mesmerises with music& dance show
- Rahul not scared of anything, is a born fighter: DKS
- Guntur: Collector reviews all measures for nominations
- IPL 2024: Early Breakthroughs Gave us the Momentum, says Delhi Capitals Bowler Mukesh Kumar
- Vijayawada: Arrangements in place for nominations
Private Equity investments see robust growth in Oct
Private equity investments witnessed a robust yearly growth in October with 72 PE deals garnering around $3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday.
New Delhi: Private equity investments witnessed a robust yearly growth in October with 72 PE deals garnering around $3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday.
According to Grant Thornton's monthly PE Dealtracker, private equity/venture capital transactions reported 22 per cent and 25 per cent increase in deal volumes and values, respectively as compared to October 2018.
The rise in PE deal values was largely driven by the corporate tax rate cut, which has improved both investor sentiment and confidence. Last month, the average deal size stood at $52 million, up from $28 million recorded in September 2019.
"There were 72 deals aggregating to $3.7 billion reported in October 2019. Upbeat PE/VC activity during the month offsets the shortfall in merger and acquisition (M&A) activity," Pankaj Chopda, Director, Grant Thornton India LLP said.
