INSUBCONTINENT EXCLUSIVE:
general elections set to start on April 11
at True North India, told ET
thumping majority in 2014, is hoping to be re-elected this time on the back of reforms including the introduction of the Goods and Services
Tax and the resolution of debt-ridden companies under the insolvency law, besides its hawkish stand on terrorism
However, the party faces opposition from strong state chief ministers.
The Indian elections are expected to affect deal sentiments in the
first half of 2019 and there will be caution and delay in IPOs due to uncertainty at the Centre and the resultant economic dynamics,
according to a recent report on PE activity by consultancy firm Grant Thornton.
PE investments in India were at $20.5 billion in 2018,
little changed from the 2017 level
However, Grant Thornton estimates that with banks and non-banking financial companies holding back on lending because of regulatory issues,
PE-backed MA could increase.
True North, earlier known as India Value Fund, looks at investments in the range of $50 million-300 million in
the consumer, healthcare and financial services sectors.
True North invested $650 million in 10 companies
healthcare are domestic drug companies, diagnostic exports and medical devices
On the regulatory side, Singh said some level of regulation and quality control is required to prevent the spread of sub-standard products
as well as coalitions, says top co exec
