PE players remain bullish

A volatile sensex has sent investors running for cover. In the process, there have been murmurs that several private equity (PE) transactions that were in the pipeline have fallen through.

Despite this, the total value of PE transactions for the four-month period between October last year and January this year has been well in excess of $2.5 billion (Rs 10,000 crore).

“The volatility in the Sensex is not a concern at all. In fact, valuations are looking more realistic today,” says Mahesh Chhabria, Director, 3i, a leading VC and PE firm, adding: “We remain positive on India.” Looks like it will take more than an yo-yoing Sensex to spoil the private equity players’ party.

— Krishna Gopalan