Private equity firms in India prefer to be minority stakeholders in their target companies as a study showed only 4% of total deals in last four years were for acquiring a controlling stake. According to the study by domestic brokerage firm SMC Capitals, “during the period between 2005 and the first quarter of 2009 in India, there were only 46 'controlling stake' transactions out of total 1,185 number of PE transactions during the period”. The 'controlling stake deals' include deals where an investor acquire 50 per cent or more in the investee company. […]