Private equity funds, which mostly invest in unlisted companies, are buying more shares in listed firms trading at attractive prices on the bourses. The downturn in stock markets in the past few months has brought down valuations of companies throwing up significant investment opportunities for PE firms to invest in listed enterprises, termed as PIPE deals.
“India's equity markets have corrected dramatically,” said Rob Chandra, managing partner at Bessemer Venture Partners that recently raised a $1.6 billion fund, of which a quarter is dedicated for the Indian market The fund which has been investing in India for seven years now has a listed portfolio that is currently around 30% of its total activity.
Source: Economic Times