LATEST NEWS

IT sector attracts dominant share of PE investments: Report

New Delhi, Jan 11 (IANS) The information technology (IT) sector has continued to attract a dominant share of private equity investments in the country during 2016, says News Corp VCCEdge's annual deals report.

"IT continued to attract a dominant share of private equity investments with 766 deals amounting to $3,158 million as investors reposed faith on dotcoms," the report by financial research platform of News Corp VCCircle said on Wednesday.

However, it pointed-out that compared to 2015, the sector saw a dip of 20 per cent in terms of number of deals and 50 per cent in terms of deal value.

"Internet software and services and application software companies attracted a total of 714 investments in CY2016, accounting for 93 per cent of the total investments in the sector," the report elaborated.

The consumer discretionary sector came in the second place in terms of number of deals. It clocked 228 deals amounting to $1,582 million.

"E-retail witnessed 107 deals and drove the deal activity during the year," the report said.

In terms of deal value, the industrial enterprises sector came in second place with 86 deals worth $2,992 million, while financials' sector bagged 81 deals worth $2,977 million.

In terms of states and territories, Maharashtra received the largest chunk of investments from private equity and venture capital investments with 303 deals worth $4,462 million.

"Karnataka came in second having attracted funding worth $2,518 million from 280 deals. Delhi NCR came in third with 190 deals worth $1,302 million," the report disclosed.

City-wise, the report revealed that Bengaluru overtook Mumbai in terms of number of private equity and venture capital deals with the former recording 277 deals worth $2,493 million, while Mumbai outscoring Bengaluru in value terms, registering 227 deals worth $4,338 million.

"Coming in third was New Delhi witnessed 165 deals amounting to $1,253 million while neighbouring Gurugram registered 110 deals worth $1,001 million," the report added.

--IANS

rv/dg

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    17.04-0.49-2.80%
    SUZLON.BO
    654.75+26.50+4.22%
    PIDILITIND.BO
    742.85+12.00+1.64%
    KOTAKBANK.BO
    110.45-4.70-4.08%
    GSFC.BO
    62.40-0.95-1.50%
    SPICEJET.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    32.70+5.45+20.00%
    ASSOSTNB.BO
    33.30+5.55+20.00%
    INTEGRAEN.BO
    137.75+22.95+19.99%
    HINDNATGLS.BO
    53.45+8.90+19.98%
    PRESSMN.BO
    68.30+11.35+19.93%
    REMSONSIND.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    30.15-3.30-9.87%
    ABHIINFRA.BO
    15.60-1.52-8.88%
    ASHIMASYN.BO
    22.20-1.70-7.11%
    CHANDRAP.BO
    12.45-0.95-7.09%
    KAVVERITEL.BO
    17.30-1.20-6.49%
    INTLCONV.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket