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EQT Asia Fund plans to invest more than $3 billion in India
Mint Mumbai
|July 14, 2023
Swedish investment house EQT AB will deploy about $3.4 billion in India through its Asia private equity arm as it steps up deal making in the country.
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BPEA-EQT plans to commit nearly 30% of the $11.2 billion Baring Private Equity Asia Fund VIII, according to Jimmy Mahtani, a partner at the firm who is responsible for investments in India.
Three of the five early deals from that fund were made in India, he added. EQT acquired Baring Private Equity Asia Ltd. last year to add scale in the region.
"The long-term, structural growth of the Indian economy backed by the government's investments in physical and digital infrastructure have made India's investment opportunity real," Mahtani said.
This story is from the July 14, 2023 edition of Mint Mumbai.
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