Private Equity investment dropped by 70 per cent to $763 million across 47 deals during the quarter ended September 2009, according to a study by Venture Intelligence, a Chennai-based research firm focused on Private Equity and M&A transaction activity in India.

“While the amount invested during the latest quarter was during the quarter was significantly lower than that during the same period last year (which witnessed $2,581 million invested across 132 deals) and also lower compared to the immediate previous quarter ($964 million across 47 deals). The latest numbers take the total PE investments in the first nine months of 2009 to $2,360 million (across 140 deals) as against the $9,479 million (across 365 deals) during the corresponding period in 2008” said Arun Natarajan, chief executive officer, Venture Intelligence India.

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