Private equity (PE) activity in the country rose by 182 per cent to $7.22 billion worth of transactions, a report said on Tuesday.
According to Grant Thornton's PE dealtracker for third quarter (Q3) 2017 report, the industry witnessed $7.22 billion worth of transactions spread across 154 deals.
In Q3 2016, the country's PE activity recorded 243 deals worth $2.56 billion.
As per the report, the overall mergers and acquisitions (M&A) and PE activity together declined by 32 per cent to $9.36 billion worth of transactions from $13.78 billion reported for the corresponding period last year.
"While the recently concluded quarter has concluded on a tepid note, mainly because of the effects of GST, the last quarter of 2017 is expected to end on a high note and 2018 is expected to emerge even stronger demonstrating significant growth in transaction activity," Prashant Mehra, Partner at Grant Thornton India, was quoted as saying in a statement.
--IANS
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