However, the hands-off approach is not one that is likely to be followed by the newer breed.“I think that was always the plan with them. Tencent, too, is in talks with the company to potentially invest $400 million in the company.“If you see, even the Tatas look to pick up majority stakes. (Reliance Group chairman) Anil Ambani, for instance, may not have taken equity financing but he did do debt transactions. We tried to pluck the private equity structure that evolved in the US in the late 80s to mid-90s and shove that into India for about 10 years. It didn’t work,” said Chakravarty of IDFC Institute.The likes of Tencent, SoftBank and Fosun are ready to write cheques of $10 million to $100 million, a range that PE investors have been historically comfortable with.

Source: Economic Times September 07, 2017 17:37 UTC