Pankaj Chopda, Director, Grant Thornton India LLP, believes the tax and regulatory environment in India continues to be conducive for enhanced PE deal activity.

“In particular, the liberalised ECB framework widens the foreign source funding options for economically-distressed business units. While telecom, start-up, energy and infra sectors attracted high value investments from both strategic and financial investors, start-up, IT, banking and e-commerce sectors remained active, pushing the PE deal volumes during the month,” he said.

This article appeared in Financial Express on 31st Aug, 2019.