Private equity investments in listed firms have suffered a loss of as much as 850 million dollars till July 14 2008

Private equity investments in listed firms have suffered a loss of as much as 850 million dollars till July 14 2008, amid continuous downfall and tough market conditions, a latest study reveals.

Till-date-return on private investment in public equity (PIPE) deals of 2007 on volume basis has declined by 16.08 per cent.

In IT and ITeS sector, there was sharp dip in current mark-to-market values of around 41 per cent in PIPE deals of 2007.

In infrastructure sector the decline was 52 per cent, in healthcare 44 per cent and in manufacturing 34 per cent.

Real estate sector also witnessed a sharp decline of 46 per cent.

Barring BFSI, telecom and retail sectors, all other segments like IT and ITeS, infrastructure, healthcare and life sciences, manufacturing and real estate reported negative returns.

Despite tough capital market conditions and the slowing economy, Bharti Airtel has done well both in financial performance and in the capital markets, the report added.

Retail sector outperformed largely because of Provogue

BFSI sector have yielded an overall marginal positive return of 8 per cent so far this year, the retail sector gave positive returns (43 per cent) on current mark-to-market basis.

HDFC, Bharti and Provogue deals in BFSI, Telecom and Retail segments respectively stood out the volatile capital market conditions.