Business Daily from THE HINDU group of publications
Saturday, Sep 27, 2008
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Business Daily from THE HINDU group of publications Saturday, Sep 27, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Venture Capital Fidelity Inter plans $400 m investment in life sciences Our Bureau Hyderabad, Sept. 26 Luxembourg-based fund management services provider Fidelity International is planning to invest $200-400 million in life sciences and healthcare industry in India. “We are currently in talks with some companies including those in Hyderabad for possible investment. The investments will be done in the next one year,” Dr Jasmin Patel, Managing Director, Fidelity International, told newspersons on the sidelines of healthcare conclave at Indian School of Business here on Friday. “Though the investment could be around $400 million, there is no cap on upper limit if we find a right candidate,” he said. On the nature of private equity inflow into India from abroad, he said the high valuations of the companies by the promoters is an obstacle for global PEs. “However, the current global economic slow down will lead to more realistic valuations of Indian companies,” he said. Over the next two/three years, the global economic scenario would continue to be at low ebb and would impact inflow of PE investment,” he added. More Stories on : Venture Capital | Pharmaceuticals
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