The private equity sector in the country experienced a flurry of activity after March this year, following expectations of a stable industry and a rally in stock prices.
While a number of players invested more in Indian companies, another set exited the market, making profits after March.
The companies that invested included Saif Partners, which made a $24 million investment in Network18, and Times Private Treaties, which acquired 12 per cent in Jiny & Jony (for an undisclosed sum), according to data with analysts and brokerage firms.
Companies like Avantha Infrastructure & Power, Global Green (Avantha Group) and JSW Steel were among those in talks with PE investors. An merchant banker, on condition of anonymity, said many others players were in discussions and at least a couple of deals would be announced soon.
On another hand, as many as seven PE funds -- including ChrysCapital, Citi Venture Capital International, Sequoia Capital India, 2i Capital, IL&FS Investment Managers and the 3i Group -- exited Indian companies. These exits