In 2013, the fund had picked up 50 lakh shares in Fortis Healthcare for Rs 47 and topped up the investment subsequently through various instruments. Moreover, it also bought shares in Sterlite Power Transmission. After a lull of several years, PE funds have done well in the last couple of years. Grant Thornton noted in a recent report that 2017 was a milestone year in which $ 21 billion was attracted, the highest yearly value.

This article appeared in Financial Express on 08th May, 2018.