Private equity (PE) players in India have offloaded stakes worth USD 757 million in the first two months of this year driven by a significant recovery in the stock markets and hopes of continuation of this trend, believe experts.
According to VCCEdge, the financial research platform of VCCircle, January 2010 saw 13 exits worth USD 282 million, while February witnessed as many as 10 worth USD 475 million.
“PE funds are under pressure to make some exits before they set out to raise new funds. They will continue to use every opportunity available to exit as long as they see a good return,” VCCEdge Research Director Rohit Madan told PTI.
Source: PTI