Executing a deal is difficult in India and takes considerable time: Sid Yog

Interview with Sid Yog, founder of Xander

Private equity fund Xander recently bought a special economic zone in Chennai for Rs 2,200 crore and a mall in Chandigarh for Rs 700 crore. Sid Yog, founder of Xander, which has committed about $2.3 billion in India, discusses recent acquisitions and strategy in an interview with Raghavendra Kamath. Edit excerpts:

How do you look at the valuations of the two deals you signed?

There are more investors looking at these asset types and so there is the risk of overbidding in a competitive situation and pricing is getting sharper. So, you have to very disciplined. But, executing a deal is difficult