Friday, April 27, 2007

Indian PE... auction?

Is the word "auction" and Indian PE starting to be used in conjunction more and more?

VC Circle reports something of a food fight for Indian broker ShareKhan (get it? Share-Khan) with all the US heavyweights bidding for the business owned by the Morakhias family and GAP, Intel Cap, and HSBC PE. Must be two attractions: one, the Indian stock market with heavy and increasing retail presence and two, one of the few opportunities to spend for than a few of the hundreds of crores burning a hole in their pockets. Gee, hope the market doesn't tank.

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