Indian private equity takes a wider view

India’s private-equity business is growing fast again. But unlike the late-1990s boom of flows to technology companies, money is heading into a broad range of sectors, reflecting the strong performance of the economy. Kautilya Shastri reports.

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INDIA IS EXPERIENCING a second wave of interest in private equity – the first was in the late 1990s – and activity in the sector should continue to gather strength. In the third quarter of 2005 several high-profile deals were agreed. Newbridge Capital invested $100 million in the holding company of the Sriram Group, a dominant player in truck financing. Local firm ICICI Ventures paid $59.8

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