Photo by John Guccione
Close to USD 18 billion that Reliance Jio and Reliance Retail mopped up from a slew of private equity transactions in 2020 has pushed up the money inflows through this route by 108 per cent to USD 33.8 billion, according to an industry report.
As per the data collated by Refinitiv, private equity investments increased 108 per cent in 2020 over the previous year, with the number of deals jumping from 665 in 2019 to 791 in 2020 at USD 33.8 billion, despite the pandemic. In 2019, total PE deals stood at USD 16.2 billion.
Most of the fund inflows were in the third quarter, fetching USD 24 billion, which, however, tapered off in Q4 to just about USD 4.57 billion, as per the data from the agency that tracks financial transactions at a global level.