India FDI reforms tipped to help PE exits
Various sectors are expected to see more strategic foreign investment flows, which is good news for private equity firms. But the government's recent Bihar state election defeat may hamper reform progress.
Private equity firms have welcomed India’s government to ease rules on foreign direct investment (FDI) as likely to attract strategic investment into their portfolio companies and give them more opportunities for exits.
But there is plenty still to be done, noted market participants, and the early-November Bihar election defeat for the ruling Bharatiya Janata Party (BJP) party will not make it any easier to push reforms through.
The government eased FDI regulations on 15 s…
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