Hope of 2 Billion Dollor funding from equity
There were more than half a dozen of PE fans who were about to begin a process so that a total of 2 billion dollars could be raised. This will be taken from the local as well as the foreign investors. There were a minimum of four established PE funds which began their conversation with the investors. There were 3 shelved plans revived. The information was given away by people who happened to have all the knowledge on the matter of funds. This was said by one of the managers.
Everstone Capitals which is an ICICI Fund and Multiples Private Equity have launched schemes for new roads so that there can be new funds organized. The sentiment of investors towards India had raced in the recent few years so that economic growth can be reduced up to 5% in the year of 2013 and 2014. A large chunk of money has been invested into this.
Even though the concerns have eased up now, the options for public offers have opened again. Some of the experts from the industry have said that they have stopped making new investments and are neglecting the exposure of funds.
Source – Sabarinath M & Baiju Kalesh
