REPORT: MoneyTree™ India Report: Q2 2012 (PWC) Posted: 16 Aug 2012 02:56 AM PDT Private Equity firms’ investment fell 34 per cent to $1,616 million in the second quarter of 2012 against $2,447 million in Q2 of 2011, according to a PwC India report. The number of deals was 23 per cent lower at 97 compared with 126 in Q2 of 2011. The IT and ITeS sector emerged the leader in both value and volume with 38 deals worth $321 million in Q2 of 2012, it said. Sanjeev Krishan, leader, Private Equity, PwC, said: “This was not a surprise. As the global economic environment continued to remain unstable, the sentiment in the Indian market was also glum. Most investors spent considerable time fretting over the tax changes proposed in the Budget as well as the falling Indian rupee. This created further challenges for funds to exit their existing investments. Fresh fund-raising has been challenging too.’’ SOURCE: http://www.pwc.com/en_IN/in/assets/pdfs/publications-2012/BS-13-0032Q2MoneyTreeIndiaReportv6.pdf
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