Firm believes India offers best risk-reward ratio compared to others
Last month, the PE fund had said that it was investing $150 mn in Apollo Tyres
MUMBAI : American private equity firm Warburg Pincus Llc., which manages assets of over $62 billion across the world, on Thursday said it sees India as an attractive investment destination with the best risk-reward ratio compared to other countries.
“At Warburg, the percentage of the fund that is going into India investments right now is 15-20% of our global fund. I am convinced that the next few years will provide the best risk-reward vintage for investing in India,” said Vishal Mahadevia, managing director and head, India, Warburg Pincus, speaking at the Mint India Investment Summit and Awards 2020 in Mumbai.
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Last month, the PE fund had said that it was investing $150 million in Apollo Tyres Ltd. Its other recent investments include a 10% stake in SBI General Insurance Co. Ltd and a joint investment with Runwal Group to build malls.
Source: livemint
